Namoi Cotton gets strong investor backing for $12.2m share offer

Andrew Marshall
Updated May 4 2021 - 1:54pm, first published 12:30pm
Namoi Cotton seeks $12.2m in fresh capital to help expansion plans
Namoi Cotton seeks $12.2m in fresh capital to help expansion plans

With the promise of far better seasons ahead, Australia's biggest ginner Namoi Cotton has picked up a $7.2 million cash injection from institutional investors and hopes to collect as much as $5m more from its shareholders.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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