KMD secures funds but share price suffers
The outdoor retailer has completed its capital raise but its share price has immediately fallen.
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News that KMD Brands had secured the $65.3 million it sought has not been welcomed by the market, as shares opened 2.9% lower before falling further.
Last month, the NZX- and ASX-listed parent company of outdoor brands Rip Curl, Kathmandu, and Oboz opened a capital raise to help ease the company's
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