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Ailing Landmark White needs $3m to keep going

Michael Bleby
Michael BlebyDeputy property editor

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Landmark White is making a last roll of the dice with a plea to shareholders to stump up $3 million in an equity raising that the troubled valuation firm says it needs to keep operating.

The company, which last month suspended trading in its shares for a second extended period after disclosing a second data theft that again caused major lenders to withhold valuation work, is trying to raise up to $5.4 million in the rights issue, but said it needs $3 million at minimum to stay in business.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/commercial/ailing-landmark-white-needs-3-million-to-keep-going-20190719-p528yc