Scoop has an Ethical Paywall
PPG Wrightson shares go into trading halt
PPG Wrightson shares go into trading halt
Nov. 20 (BusinessWire) – Shares in PGG Wrightson Ltd., the country’s biggest rural services company, have been put on a trading halt pending an announcement later today.
The company said it will make an announcement today with a media and analyst briefing to be held at 12pm, in what’s expected to be the completion of its $150 million capital injection. A reshuffle of Wrightson’s board is also on the cards.
Wrightson has been searching for a cornerstone investor after it secured agreement from its banks in August to increase its facilities by about $150 million and extend the term of its debt.
It’s still waiting on approval from the Overseas Investment Office in regard to the 13% stake taken by Chinese-based seed and agricultural research company Agria for $36 million.
The shares sank 7.1% to 65 cents on the NZX in trading yesterday.
(BusinessWire)
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
