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Ryman Healthcare enters trading halt ahead of capital raising

Author
Newstalk ZB,
Publish Date
Wed, 26 Feb 2025, 7:44pm
Ryman Healthcare, has downgraded its profit outlook, citing slower sales and falling margins.
Ryman Healthcare, has downgraded its profit outlook, citing slower sales and falling margins.

Ryman Healthcare enters trading halt ahead of capital raising

Author
Newstalk ZB,
Publish Date
Wed, 26 Feb 2025, 7:44pm

Ryman Healthcare has entered a trading halt as it proposes to raise $1 billion of new capital to reduce debt and reset the balance sheet.

The retirement village operator was forced to offer shares at a significant discount to get investors on board. 

Milford Asset Management's Jeremy Hutton explains further.

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