SkyCity signals capital raise
Shares placed on trading halt ahead of results announcement on Thursday.
Analysts have seen SkyCity’s balance sheet as under pressure.
Casino operator SkyCity has placed its shares in a trading halt saying it expects to announce a capital raise in the next few days.
Analysts had speculated in the past few weeks that SkyCity’s balance sheet was under stress and would require asset sales to avoid a capital raise.
In its trading halt
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