QUB 0.76% $3.98 qube holdings limited

News: QUB Qube Holdings announces equity raising

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    May 31 (Reuters) - Qube Holdings Ltd (QUB)

    • 350m equity raise to fund moorebank warehousing & growth-qub.ax
    • expects to invest c.$400 million of capex in development of moorebank (excluding warehousing and rail shuttle capex) over first 5 years.
    • re-affirms its previous financial outlook of increased underlying earnings (npat) in fy17
    • expects to fund construction of at least $80 million of new warehousing at moorebank
    • announces $350 million equity raising to fund new Moorebank Warehousing and strategic growth initiatives
 
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