25 Sep 2008

Suspension of trading extended

11:52 am on 25 September 2008

A suspension of trading in shares of PPG Wrightson has been extended.

The rural services company is looking to raise $100 million to fund the $220 million purchase of a 50% in Silver Fern Farms (formerly known as PPCS).

The trading halt will last at least for the rest of Thursday as the company looks to raise $75 million from institutional investors.

PPG Wrightson plans to raise a further $25 million in an offer to retail investors.