Fletcher Building is working on tackling a 1.8-billion dollar debt, by raising 700 million dollars
Fletcher Building is working on tackling a 1.8-billion dollar debt, by raising 700 million dollars
23 September 2024
The construction giant plans to issue 292 million new shares.
It says it wants to improve its balance sheet, financial stability and resilience, in a "challenging environment".
Herald Property Editor, Anne Gibson, says looking to investors might not be the only solution the company's exploring - and it sounds like it's looking at selling assets.
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