The Australian, 5 May 2009, Florence Chong
Mirvac said that the proceeds raised through a share placement and entitlement offer at $1 a unit -- a 25 per cent discount to the last traded price on Wednesday of $1.33 -- would be used to fund debt expiries and capital commitments to June 2011.
While all its major shareholders, including Singapore's GIC, are expected to take up their rights, sources said the notable absence would be the Dubai-based Nakheel Group.
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