Australia's Austrim Nylex to raise A$100 mln

Newswire

MELBOURNE, Sept 1 (Reuters) - Australian automotive and plastics group Austrim Nylex Ltd said on Monday it planned to raise A$100 million ($65 million) selling new shares at a 32 percent discount to its closing price last Friday and change the group's name. The announcement came as the company, which makes products ranging from car seats to garden hoses, said its loss narrowed to A$69.8 million in the year ended June 30 from A$152.8 million a year earlier, although the latest results were ...

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