KiniBiz | Rare earths company Lynas Corp said on Monday it was seeking to raise A$ 83 million (RM236.89 million) through a discounted share placement and rights issue to shore up its balance sheet.
Lynas seeks to raise RM236 mil in new equity
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Lynas will offer 150 million new shares to new institutional investors and offer existing shareholders a 5 for 14 renounceable rights offer, both priced at A$ 0.08 per share.
