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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Stride to raise $120m to increase flexibility for Fabric subsidiary

Stride bailed out of floating Fabric on the NZX in late September.

Andrew Bevin Thu, 25 Nov 2021

At the same time as releasing its interim results this morning, NZX-listed Stride Property Group went into trading halt ahead of a $120 million capital raise to pay down debt.

The property fund management company posted an underlying profit of $61.5m for the first half ended September 30, up

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Andrew Bevin Thu, 25 Nov 2021
Contact the Writer: andrew@nbr.co.nz
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Stride to raise $120m to increase flexibility for Fabric subsidiary
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