KMD launches deeply discounted $65.3m raise; chair to step down
Trading in the company's shares has been on hold while the company sorted details of a capital raise and its interim results.
KMD Brands owns surf brand Rip Curl.
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KMD Brands plans to raise up to $65.3 million in a fully underwritten capital raise.
The NZX- and ASX-listed parent company of outdoor brands Rip Curl, Kathmandu, and Oboz confirmed this morning it aimed to raise about $6.8m by way of placement and about $58.5m through an accelerated renounceable
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