Finbar raises $20m for expansion plans
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Friday, 26 March, 2010 - 08:27
Category:
Property developer Finbar Group has raised nearly $21 million which will be applied to its expansion plans in the Pilbara and continued growth opportunities in Perth.
The company today said it had raised $20.7 million through a placement that was managed by Bell Potter Securities.
Shares in the placement were priced at $1 each. Shares in Finbar were up two cents to $1.13 at 11:04 AEST.
The completion of the capital raising comes a day after Finbar was selected by the state government as the preferred developer of a Pilbara housing project, that may include a high-rise building, valued on completion at $225 million.
Companies: