VDM stockholders support fundraising plan
VDM Group shareholders have voted in support of the troubled contractor and consulting group’s plan to raise up to $52 million to return its balance sheet to the black.
Shareholders at a general meeting this morning overwhelmingly supported the 5 cents per share capital raising, which VDM said would raise the funds required to retire $20 million in bank debt and generally increase working capital.
I'd like to register please
8 free articles per month + business email alerts twice daily
us on +61 8 9288 2100 during WST office hours