Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million.

The construction giant plans to issue $292 million in new shares for investors, to cut into its $1.8 billion debt.

Fletcher Building has announced a group net loss of $227 million last month.

Harbour Asset Management's Shane Solly says this is part of the company's bid to reduce additional losses. 

LISTEN ABOVE

Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million.
The construction giant plans to issue $292 million in new shares for investors, to cut into its $1.8 billion debt.
Fletcher Building has announced a group net loss of $227 million last month.
Harbour Asset Management's Shane Solly says this is part of the company's bid to reduce additional losses. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Shane Solly: Harbour Asset Management spokesperson on Fletcher Building's bid to raise $700 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/398c7afb-1bfd-4219-9f01-b1f40079fee7/transcript