AUSTRALIA'S NYLEX TO EMBARK ON US$31.3 MLN CAPITAL RAISING. (30-NOV-06) AsiaPulse News

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AUSTRALIA'S NYLEX TO EMBARK ON US$31.3 MLN CAPITAL RAISING.

Publication: AsiaPulse News

Publication Date: 30-NOV-06

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MELBOURNE, Nov 30 Asia Pulse - Shareholders in building, automotive and plastic products maker Nylex Ltd (ASX:NLX) today approved a $A40 million ($US31.28 million) capital raising.

Proceeds from the raising will be used to reduce debt, create extra working capital and fund restructuring.

"The directors are very pleased with...

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