WasteCo undertaking capital raise by private placement.
WasteCo proposes to undertake a placement of new ordinary shares in the company to selected New Zealand wholesale investors (Placement). WasteCo has today requested that NZX place the company in trading halt while the Placement is conducted.
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Skellerup Holdings shares rose 5.1%.
The retailer has raised the possibility of a full-year earnings loss.
The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet.
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