KMD Brands to Launch Capital Raise; Shares Down 3%
MT Newswires Live
Mar 25
KMD Brands (ASX:KMD) said it plans to launch a capital raise through a placement and an accelerated renounceable entitlement offer, according to a Wednesday filing with the Australian bourse.
The capital raise is expected to be launched in conjunction with the release of the company's financial results for the fiscal first-half ended Jan. 31, the filing said.
The company requested a trading halt from NZ RegCo and ASX pending finalization of the capital raise terms, per the filing.
Shares fell 3% in morning trade on Wednesday.
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