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Moa to raise $5.5m amid virus hits

A strategic placement to a new ‘cornerstone’ investor partially makes up capital raise.

Reweti Kohere Tue, 07 Apr 2020

Beer and restaurant company Moa Group will seek to raise up to $5.5 million of capital to shore up its balance sheet as its hospitality business continues to face an uncertain future due to the Covid-19 pandemic.

In a statement, the listed company said the capital raise, at an issue price of 14c

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Reweti Kohere Tue, 07 Apr 2020
Contact the Writer: reweti@nbr.co.nz
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Moa to raise $5.5m amid virus hits
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