Tandou cashes in on share price rally

Shares in Tandou suffered their worst fall in over 2½ years as the agri-business jumped on a chance to do a capital raising following the recent strong rally in its share price.

Shares in Tandou (TAN) suffered their worst fall in over 2½ years as the agri-business jumped on a chance to do a capital raising following the recent strong rally in its share price.

The cotton grower and water entitlement trader is looking to sell nearly 54 million new shares to raise around $25.2 million for debt repayment that is linked to recent acquisitions of 34,585 mega litres of water rights and farm land.

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