April 28 (Reuters) - Australian construction firm Lendlease Group (LLC) on Tuesday said it would raise up to A$1.15 billion ($741.29 million) to shore up its balance sheet and guard against market uncertainty stemming from the coronavirus crisis.
The company said it will raise A$950 million in new equity via a fully underwritten share placement at A$9.80 per share, and up to A$200 million through a non-underwritten share purchase plan.
Lendlease also withdrew all forecasts it had provided with its first-half results.
($1 = 1.5513 Australian dollars)
News: LLC Australia's Lendlease to raise $741 million, mostly via share placement
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Last
$5.49 |
Change
-0.030(0.54%) |
Mkt cap ! $3.789B | |||
| Open | High | Low | Value | Volume |
| $5.53 | $5.53 | $5.44 | $4.780M | 871.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2980 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.51 | 1526 | 4 |
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| Last trade - 16.10pm 09/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |