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An update from KMD Brands Limited ( (AU:KMD) ) is now available.
KMD Brands Limited has had trading in its shares voluntarily suspended on both the NZX and ASX, following regulatory approval, while it undertakes a significant equity raising. The suspension, which began after an initial trading halt, is intended to ensure the market remains fair and fully informed during the transaction process.
The company plans to raise approximately NZ$65.3 million through a fully underwritten capital raising comprising a NZ$6.8 million placement and a 1-for-0.73 accelerated renounceable entitlement offer. Trading is expected to resume before market open on 2 April 2026, once KMD announces the outcome of the institutional components of the offer, which it regards as price-sensitive information.
More about KMD Brands Limited
KMD Brands Limited is a dual-listed company on the NZX and ASX that operates in the retail and outdoor apparel sector. The company issues ordinary shares and engages with institutional investors through capital market transactions, reflecting an active presence in Australasian equity markets.
See more data about KMD stock on TipRanks’ Stock Analysis page.