Subscribe to RSS feedGrainCorp raises $138m in share issue
by
Sineva Toevai
—
last modified
Jul 09, 2009 11:33 AM
Australian grain handler and marketing company GrainCorp has raised $138m from its share purchase plan.
Re-positioning: Graincorp now worth $523m (Photo: Southern Cross Maritime)
Under the plan, the company will issue about 22.05m new shares at $6.25 apiece, which is the same price offered under its institutional placement on May 19.
The share purchase plan was oversubscribed and the board was required to scale...
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