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Wynyard cancels planned share placement, considers options

2016-02-17 01:04:00| Chemicals - Topix.net

Wynyard Group has cancelled a planned share placement and special shareholders' meeting tomorrow, saying it is no longer viable and other capital raising options including a rights offer are being considered. Its shares remain in a trading halt until it can make a further announcement in the next two days on its capital raising plans, the Auckland-based company said in a statement.

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