THE chief executive of a property development company is fighting back against the recession.
Halkyn man Rob Lloyd, chief executive of Eatonfield Group plc, has announced a successful new share issue.
Mr Lloyd said: “Eatonfield has just raised an additional £7.9m from existing and new investors by releasing 208,820,000 new ordinary shares.
“We are delighted with the response and believe this truly endorses the strength of our current asset base as well as strengthening our balance sheet.
“This announcement is confirmation of the confidence the marketplace has in the group, as a result of its capability to overcome the intense financial pressure suffered by most property companies.”
