Bail Out
Leighton Holdings' (ASX:LEI) Dubai subsidiary Al Habtoor Leighton plans to ask its parent company for a bail out if it fails a scheduled payment to its legacy projects.
Last week Leighton launched a capital raising to $757 after reducing its guidance by more than $900 million. The property developer also took 11 percent off the book value of its interest in Al Habtoor Leighton to $845 million last year.
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