Landmark White's oversubscribed $5.44 million capital-raising has drawn investors with an appetite for risk even as more conventional ones and even a founder of the company kept their wallets closed.
Investor Noel Kagi, the director of irrigation products wholesaler HR Products, was a pre-existing shareholder who leaped to the top of the list by buying in, through a number of different vehicles, to the capital raising that sold new shares at 8¢ each.
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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
