Omnia misled investors on rights issue, says analyst
Troubled chemicals and fertiliser producer plans to issue new equity to cut piling debt
02 June 2019 - 19:09
Chemicals and fertiliser maker Omnia broke investors’ trust and misled the market for mulling a rights issue just over a month after it ruled out the need to issue fresh equity to cut debt, an analyst said on Friday.
Omnia’s shares slid to a 10-year low in early trade on Friday after the group said it needed to issue fresh equity to cut debt...
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