SkyCity Entertainment Group Raises NZ$240 Million in Fully Underwritten Placement, Entitlement Offer

MT Newswires Live

Sep 09

SkyCity Entertainment Group (ASX:SKC, NZE:SKC) completed the retail component of its NZ$159 million entitlement offer, bringing total proceeds to NZ$240 million through a fully underwritten placement and entitlement offer, according to a Tuesday filing with the New Zealand and Australian bourses.

The total proceeds comprise around NZ$195 million from institutional investors and NZ$45 million from eligible retail shareholders, the filing said.

Eligible retail shareholders subscribed for NZ$15 million in new shares, with a 33% take-up, and could apply for extra shares up to 60% of their entitlement, per the filing. The remaining NZ$30 million was allocated to underwriters and institutional investors.

The new shares will trade on the New Zealand Exchange from Thursday and the Australian Securities Exchange from Friday, the filing added.

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The remaining NZ$30 million was allocated to underwriters and institutional investors.</p><p>The new shares will trade on the New Zealand Exchange from Thursday and the Australian Securities Exchange from Friday, the filing added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2566630639","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566630639","pubTimestamp":1757368348,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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