11-Mar-2010 4:49 PM

Comair planning to issue up to 69 million new shares

Analysis

Comair (-10.5%) shares suffered their biggest daily drop in two months, after the carrier reportedly stated it plans to issue up to 69 million new shares at ZAR1.80 each, as part of plans to raise ZAR124.5 million to fund Boeing aircraft orders.

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Comair planning to issue up to 69 million new shares

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