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Saturday, June 02, 2007

Yatu Lau Company raises F$2 million

Kontiki Capital has raised F$2 million for Lauan investment company, Yatu Lau Company Limited. The funds were raised through a private placement of 1.3 million Class B Yatu Lau shares at F$1.50 each with a syndicate of investors put together by Kontiki Capital.

The issue was managed by Kontiki Capital and underwritten by Kontiki Stockbroking.

The transaction followed a restructure of Yatu Lau's share capital to allow non-Lauan participation in the company.

A second phase of fund raising will involve a public offering to raise an between F$1 million F$1.5 million for the company.

Some of the company's directors are children of former President and Prime Minister of Fiji and Tui Nayau, Ratu Sir Kamisese Mara.

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