Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from SKYCITY Entertainment Group Limited ( (SKYZF) ).
SkyCity Entertainment Group Limited has announced the issuance of 63,658,248 ordinary shares as part of the retail component of an underwritten accelerated non-renounceable entitlement offer. This move, authorized by a board resolution, aims to strengthen the company’s capital base and enhance its financial stability. The shares were issued at a price of NZD$0.70 per share, contributing to a total of 1,103,055,047 ordinary shares in circulation, excluding treasury stock. This capital change is expected to impact the company’s market positioning by providing additional resources for growth and operational improvements.
More about SKYCITY Entertainment Group Limited
SkyCity Entertainment Group Limited operates in the entertainment and hospitality industry, primarily focusing on casino and gaming services. The company is known for its fully paid ordinary shares and is listed on the New Zealand Stock Exchange under the ticker code SKC.
For an in-depth examination of SKYZF stock, go to TipRanks’ Overview page.