The Australian, 27 Jul 2009, Alex Wilson
AUSTRALAND Holdings said today it was launching a seven-for-10 entitlement offer to raise $475 million.
Australand said the raising was not expected to affect control of the group by Singapore's CapitaLand, which it said had confirmed it planned to subscribe for its full entitlement and would continue to hold about 59.27 per cent of the group.
Australand also announced a net loss of $268.8m for the year ended June 30, compared with a net profit of $25.5m a year before.
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Related:
Australand May Raise A$500 Million in Share Offer, Review Says - Bloomberg.com
Australand to raise up to $475m, books H1 loss of $268.8m - Tradingroom.com.au
