Comvita raising $30m, Singaporean entity to take 19.99% stake
Proceeds will be used to facilitate a bank refinancing, with Fraser and Neave backing the raise.
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Comvita has launched a $30 million capital raise to refinance and pay down debt, with Singapore-listed consumer group Fraser and Neave taking a 19.99% stake as part of the deal.
The NZX-listed honey company today announced a $30m pro-rata renounceable rights offer, priced at 65 cents a share – a
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