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AUIC share issue to raise $24m

Melanie Beeby

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Australian United Investment Company Ltd is hoping to raise $24 million through a one-for-five renounceable rights issue to existing shareholders.

AUIC said it would issue 10.7 million fully paid ordinary shares in the company at $2.25 each, a 30 per cent discount to AUIC's last close of $3.20 on February 5.

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    Original URL: https://www.afr.com/politics/auic-share-issue-to-raise-24m-19990211-k8l3v