KMD's shares plunged 46% to 6.1 cents after market open.
Volaris made an unsuccessful bid at $1.30. New shares under capital raise will be issued at 70 cents.
Telematics company will use funds to repay debt and provide headroom for North America strategy.
This week’s application to suspend the casino operator’s licence is the second time the regulator has taken such action.
UPDATE: SkyCity shares down 10% as market opens.
Terms of sale have not been met for 56, The Terrace, central Wellington.
Council retains just over 11% after sale, which netted nearly $836m.
Unsolicited offer would take stake to 19.9%.
‘We’ll always keep looking for those acquisitions,’ says CEO Richard Rookes.
Net loss deepened to $7.2 million in year to June, amid contract loss and darker economic clouds.