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Article: AHL announces 1-for-5 rights issue.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Michael Bennett
Nov 03, 2009 (The Australian - ABIX via COMTEX) -- Around 70% of Amalgamated Holdings shareholders have agreed to take up the group's one-for-five renounceable rights issue. MD, David Seargeant, said the $A107m non-underwritten issue would help fund new acquisitions, including the possible purchase of a $A34m hotel. Seargeant said Amalgamated Holdings spent ...