Kiwi Property Group Ltd fell short of the $20 million target for its retail capital-raising offer, which closed last Friday, raising $16.6 million.
It had earlier raised $180 million through a placement and had allowed for a total $30 million from the retail offer, including $10 million for oversubscriptions.
The company expects to allot the new shares on Friday.
19 November 2019: Kiwi Property begins to shape new strategy as profit slips
1 November 2019: Kiwi Property raises $180 million from placement, opens retail offer
Attribution: Company release.