Quote Originally Posted by Balance View Post
https://www.nzx.com/announcements/352659

Ouch!

30c per share write down and a 1:1.9 rights issue at 50c.
The presentation was an interesting read. Interesting that Centuria could end up with 24.9% - does NZ have a creeper provision in its Takeovers Code so they can slowly move to a controlling/majority position?

Small nit picking point: I think it says it's being done at $0.55?