6 Oct 2009

Rights issue by Skellerup oversubscribed

5:43 am on 6 October 2009

Skellerup Holdings says its rights issue was oversubscribed by more than 11%.

The plastics manufacturer has raised $21.5 million, after receiving applications for more than $24 million from shareholders.

The capital will be used to repay debt and shore up the company's balance sheet.