Village Roadshow has a mountain of debt which it needs to pay down as quickly as possible.
In a statement to the market, the entertainment company said its shares were currently in a trading halt to allow it to “provide information about a potential capital raising”.
Its temporary suspension from trading is expected to lift on Wednesday, or earlier if the company makes its announcement before then.
The company is expected to issue more shares to help reduce its $305.3 million worth of debt, as at December 31.
To highlight the magnitude of that figur…
Read the full article at: http://www.abc.net.au/news/2018-07-09/village-roadshow-trading-halt-debt/9958514?section=business
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Village Roadshow has a mountain of debt which it needs to pay down as quickly as possible.
In a statement to the market, the entertainment company said its shares were currently in a trading halt to allow it to “provide information about a potential capital raising”.
Its temporary suspension from trading is expected to lift on Wednesday, or earlier if the company makes its announcement before then.
The company is expected to issue more shares to help reduce its $305.3 million worth of debt, as at December 31.
To highlight the magnitude…
Read the full article at: http://www.abc.net.au/news/2018-07-09/village-roadshow-trading-halt-debt/9958514
Related Posts