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Keybridge Capital Limited ( (AU:KBC) ) just unveiled an announcement.
Keybridge Capital Limited has received a demand from Yowie Group Ltd for the immediate repayment of a $4.6 million loan, initially due to be repaid by 7 February 2025. The demand was triggered by delays in Keybridge’s planned capital raising, which was expected to address a significant portion of the loan. These delays, largely attributed to WAM Active Limited’s legal actions preventing shareholder approval for capital raising, have severely impacted Keybridge’s business operations and its ability to negotiate an extension or restructuring of the loan.
More about Keybridge Capital Limited
Keybridge Capital Limited is an investment and financial services group with a diversified portfolio of listed and unlisted investments and loan assets. Their investments span sectors including life insurance in New Zealand, property, and funds management, with substantial holdings in companies such as Yowie Group Ltd, Benjamin Hornigold Ltd, HHY Fund, Molopo Energy Limited, and RNY Property Trust.
YTD Price Performance: -6.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.72M
For an in-depth examination of KBC stock, go to TipRanks’ Stock Analysis page.
