Virgin Australia welcomes new Chinese stakeholders with cash call
Brisbane-based carrier plans to sell new stock at 21 Australian cents apiece for every share already owned
Thu, Jun 16, 2016 - 5:50 AM
VIRGIN Australia Holdings Ltd, backed by five airlines, asked its shareholders for A$852 million (S$853.6 million) in fresh capital, just days after two Chinese conglomerates agreed to buy almost a third of the company.
The Brisbane-based carrier plans to sell new stock at...