Rubicon Ltd shares were put on trading halt today in anticipation of news of a capital raising by the company.The company said it was finalising a capital raising, which it expected would involve an accelerated, pro-rata entitlement offer to its sharehold
Rubicon Ltd shares were put on trading halt today in anticipation of news of a capital raising by the company.
The company said it was finalising a capital raising, which it expected would involve an accelerated, pro-rata entitlement offer to its shareholders.
"The trading halt is required to provide certainty as to entitlements during the accelerated component of the proposed offer," the company said.
Rubicon was formed when the Fletcher Challenge group was separated. It owns a stake in Tenon, the former Fletcher Challenge Forests.
It has a 3 percent interest in Genesis Research and a stake in forestry bio-technology company ArboGen.
