SkyCity capital raise ‘a terrible decision’ – shareholder
After a hasty trading halt when plans leaked to media, SkyCity's capital raise proposal has come under attack.
SkyCity is due to report its full year results tomorrow.
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One of SkyCity’s biggest shareholders has made public its strong opposition to a proposed capital raise, revealed when the casino operator placed its shares in a trading halt yesterday.
“This is not the right option and this is not the right time,” said Suhas Nayak, a portfolio manager at 15%
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