Savor Group plans capital raise, relatively unscathed from floods
Some of the proceeds from the company’s $3.25m rights issue would go towards paying down all of its short-term debt.
Savor’s Amano restaurant.
NZX-listed hospitality firm Savor Group has announced plans to raise $3.25 million via a rights issue to help pay down debt following the “substantial movement” in interest rates.
The company would offer five new shares for every 43 held by shareholders at market close on February 10.
The shares
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