TRANSPORT, property letting and securities trading company Newfoundland International is placing 28 million shares in a transaction to raise $72 million. The deal dilutes the 50.95 per cent stake held by mainland firm Everbright Holdings. After the transaction, at $1.39 a share, Everbright will hold 40.18 per cent of the company. A subscription of 52 million new shares is also proposed under the arrangement.
