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Article: AUST CO AMALGAMATED HLDGS TO ISSUE US$97 MLN NEW SHARES.

Article from:
AsiaPulse News
Article date:
November 3, 2009
Copyright

SYDNEY, Nov 3 Asia Pulse - Australian firm Amalgamated Holdings Ltd (ASX:AHD) will issue A$107 million (US$96.84 million) in new shares to strengthen its capital base with a view to pursuing growth opportunities, the company said on Tuesday.

The entertainment, hospitality and leisure company on Tuesday announced a one-for-five renounceable entitlement offer at A$4.10 per share.

Eligible shareholders are able to purchase one new share for each five existing Amalgamated shares held. They also may apply for additional shares.

Amalgamated managing director David Seargeant said the company had made "a number of hotel and cinema acquisitions and ...

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