Gunns delays return to trade

Gunns delays return to trade

ABCApril 10, 2012, 9:55 am

The Tasmanian timber producer Gunns has extended its month-long trading halt as it continues negotiations on a $400 million capital raising plan.

The company has told the stock market that it will provide another update on the plan next Monday.

The capital raising comes after the Richard Chandler Corporation last month scrapped its $150 million bid to take up to 40 per cent of Gunns.

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