WDT's Rights Issue 43 per cent Oversubscribed 

  • Jul 18, 2020 NZST
  • Team Kalkine
WDT's Rights Issue 43 per cent Oversubscribed 

Wellington Drive Technologies Limited (NZX:WDT), is an Internet of Things (IoT) solutions and energy-efficient motors provider to the retail food and beverage companies. Lately, WDT had announced that pro-rata renounceable rights issue of new ordinary shares that closed on 16 July 2020 was oversubscribed.

John McMahon, Wellington Chairman, thanked the shareholders for their robust support to the company. He said that the raised capital would be used in effectively managing through the pandemic crisis and emerge stronger from the crisis.






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