Ross Green of Wellington Drive Technologies. Photo / Kenny Rodger
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Ross Green of Wellington Drive Technologies. Photo / Kenny Rodger

Thirteen trades were made yesterday in Wellington Drive Technologies' capital raising scheme.

The Albany-based, listed manufacturer of energy-efficient motors is offering one new share for every existing share at a heavily discounted rate of 1.25c each.

The firm hopes to raise $8.4 million through the offer, which stops on January 27. The rights trading closed at 0.6c last night.

By Christopher Adams Email Christopher