Johannesburg — ALUMINIUM products manufacturer Hulamin has announced it plans to raise R750m through a rights issue to restructure capital and reduce liquidity risks.
The proposed rights issue seeks to cut debt and boost working capital for the company, which hugely expanded its manufacturing capacity when sales and aluminium prices fell after the recession.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article