Australian family office Cowes Bay takes 13% stake in Metroglass
The investment comes ahead of a planned $10m-$15m capital raise to help reduce debt.
Metroglass NZ has made a number of initiatives to improve operational performance and remove costs.
Listed glass manufacturer Metro Performance Glass has entered into a conditional agreement with Australian family office Cowes Bay to invest $1.9 million into the company for a 13% stake.
Under the agreement, Cowes Bay will subscribe for 27.8 million new shares in Metro at a price of seven cents per
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