NZL has completed the sale of a 25% equity interest in its land portfolio to Roc Partners for $44.2 million.
The company will use a portion of the proceeds to repay a $11.8m convertible note that was drawn down in April 2023, while the remaining funds have been retained as working capital for future growth and capital options.
NZL's preliminary full-year results will be announced on or before Feb 29 2024.
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