‘No viable alternatives’ to Metroglass’s cap raise plan
The capital raise, which is conditional on shareholder approval, will give an Australian firm majority control of the NZX-listed glass company.
Metro Performance Glass (MPG) has “no viable” alternatives to recapitalise its balance sheet other than to pursue a $15 million capital raise, which will give an Australian company a 51% stake in the business, an independent advisory report has found.
The NZX-listed glass company announced on
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