Rice

New SunRice ASX listing plan and $30m capital raising unveiled

28 May 2018

Andrew Marshall, The Land
28 May 2018

National rice marketer and processor, SunRice, has dusted off its three-year-old plans for a listing on the Australian Securities Exchange and will start briefing farmers next week.

The latest recommendation to shareholders would also involve a $20 million to $30m capital raising, if shareholders vote in September to support the move.

However, the dual class ASX share listing does not involve a major capital restructure, similar to the Murray Goulburn partial float proposal which SunRice initially proposal when it first touted moving from the National Stock Exchange in 2015.

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