Find out how Lendlease Group aims to raise $1.15 billion amid covid-19!

  • Apr 28, 2020 AEST
  • Team Kalkine

Peruvian copper mine Antamina, owned by global miners BHP and Glencore, has reported 210 positive cases of coronavirus. The company said in a statement it discovered the cases while conducting 600 tests on its staff and contractors, 500 of which have been returned by the laboratory. It said that 87 percent of the positive cases were asymptomatic while those with signs of COVID-19 mostly had mild symptoms.

LendLease Group aims to raise about $1.15 billion to guard against market uncertainty brought about by the coronavirus outbreak and has withdrawn all forecasts provided with its first-half results.

The construction firm says it will raise $950 million in new equity via a fully underwritten share placement and up to $200 million through a non-underwritten share purchase plan. LendLease's share placement will be at a price of $9.80 per share, an 8.2 percent discount to the stock's Monday close. Chief executive Steve McCann says the equity raising will strengthen the company's balance sheet "during this uncertain economic environment"

The first tranche of NSW construction projects set to be fast-tracked in the wake of the COVID-19 pandemic will create thousands of jobs and inject more than $7 billion into the state's economy.

The Berejiklian government has identified 24 projects to undergo the fast-track assessment process, including new homes, new industrial complexes, and six schools.

The assessments will be carried out within the next four weeks.

NSW Planning Minister Rob Stokes said the projects would create almost 9500 new jobs, inject $7.5 billion into the economy, open up more than 325,000 square meters of public space and deliver more than 4400 new homes.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK