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Hot Topic Hawke's Bay
Hot Topic Hawke's Bay
Investment
3 mins to read

Savor Group plans capital raise, relatively unscathed from floods

Some of the proceeds from the company’s $3.25m rights issue would go towards paying down all of its short-term debt.

Savor’s Amano restaurant.

NZX-listed hospitality firm Savor Group has announced plans to raise $3.25 million via a rights issue to help pay down debt following the “substantial movement” in interest rates.

The company would offer five new shares for every 43 held by shareholders at market close on February 10.

The shares

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Nicholas Pointon Tue, 31 Jan 2023
Contact the Writer: nicholas@nbr.co.nz
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Savor Group plans capital raise, relatively unscathed from floods
Investment,
97477
true