FMG seeks more capital after Valin deal

Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.

"Fortescue requests that the current trading halt be extended into a voluntary trading suspension as Fortescue is considering other capital raising initiatives and is not yet in a position to provide full details to the market," the iron ore miner said on Wednesday.

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