WATPAC has raised $58.9 million from institutional and sophisticated investors.
The company issued 10,155,173 new ordinary shares at $5.80 per share. The placement represents an additional 9.5% of the company’s existing issued capital.
Watpac said the funds raised from the placement will boost the company’s working capital to promote the growth of the company’s businesses outside
The company is currently pursuing a number of opportunities, and the funds are likely to be used to acquire and develop a construction and property business in
Australian Property Journal
