SkyCity investor Allan Gray ready to vote against directors over capital raise

SkyCity CEO Jason Walbridge is set to to talk to investors tomorrow with the release of the company's latest set of results. (Image: NZME)

Dileepa Fonseka

Wed, 20 Aug 2025

SkyCity’s largest shareholder says a capital raise now would show poor “stewardship of capital” and reduce its confidence in the company’s board. Trading on SkyCity shares was halted yesterday after a report in The Australian that SkyCity was planning to raise A$200m (NZ$219m) in conjunction with an earnings release scheduled for Thursday.SkyCity’s largest shareholder is Allan Gray, which owns more than 15% of the company. Allan Gray equity analyst Suhas Nayak said a capital raise at this stage would be &ldquo...

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