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BRIEF-Qube Holdings announces equity raising

Published 31/05/2017, 09:52 am
© Reuters.  BRIEF-Qube Holdings announces equity raising
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May 31 (Reuters) - Qube Holdings Ltd QUB.AX

* 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 Source text for Eikon: ID:nASX2zrYHM Further company coverage: QUB.AX

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