Business
Helloworld launches capital raising to boost liquidity – NEWS.com.au
Helloworld undertakes capital raising to boost liquidity
Travel company Helloworld has launched a $50 million capital raising, flagging the prolonged freezing of the global travel industry has stifled its earning potential. The travel group noted travel restrictions were likely to remain in place through 2020 and 2021, further impacting its underlying operations.
Australia’s domestic and international tourism markets were grounded following global travel shutdowns sparked by the coronavirus pandemic.
Helloworld said the liquidity injection would boo…
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