Wynyard extends trading halt until next week, seeks to tap facility for working capital

Wed, 19 Oct 2016

By Jonathan Underhill Oct. 20 (BusinessDesk) - Wynyard Group, the intelligence software developer, is looking into how it can tap a stand-by loan facility agreed in August with major shareholder Skipton Building Society, saying it needs the funds for working capital. Auckland-based Wynyard, which posted a wider first-half loss in August while slashing its full-year guidance, has seen its shares plunge 88 percent this year before being halted on Monday. The company has revamped its board and restructured into two units, while embarking on...

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