Wellington Drive raises $7.7m BusinessDesk
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Wellington Drive to raise $8.5m No Source Wellington Drive Technologies is proposing to raise $8.5 million through a placement of shares with its largest shareholder, Hunter Hall Investment Management. |
Wellington Drive reports interim loss No Source Wellington Drive Technologies Ltd has reported an interim loss of $9.85 million, including foreign exchange losses of $1.2m.
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Flat day for NZ shares No Source The New Zealand sharemarket was little changed today ahead of the Reserve Bank of New Zealand's interest rate decision tomorrow. |
Wellington Drive expects bigger loss No Source Wellington Drive Technologies is projecting a full-year loss of $11.45 million and is progressing plans to introduce a cornerstone shareholder. |
Wellington Drive seeks investor BusinessDay.co.nz On top of a planned $11.4 million rights issue, Wellington Drive Technologies is seeking a cornerstone investor to help secure its future beyond 2009 as the credit crisis makes it hard to get bank loans. |
Wellington Drive seeks $11.4m BusinessDay.co.nz Motor and fan maker Wellington Drive Technologies is seeking $11.4 million in a rights issue of new shares to help fund increased production to meet expected sales growth. |
Wgn Drive starts 400,000 pa order NZPA Auckland-based maker of energy efficient motors Wellington Drive Technologies says it has started volume production of a first annual order for 400,000 commercial refrigeration motors from Vendo de Mexico. |
Wgn Drive Tech to shift production Reuters New Zealand's Wellington Drive Technologies , which makes energy-saving motors and fans, says it plans to shift manufacturing to Singapore and that it expects to turn a profit by the second half of 2009. |
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