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Austal Limited ( (AU:ASB) ) just unveiled an announcement.
Austal Limited has announced a non-underwritten share purchase plan (SPP) aimed at raising up to A$20 million, following a successful A$200 million institutional placement. The SPP is open to eligible shareholders in Australia and New Zealand, allowing them to purchase new shares at A$3.80 each. This initiative is part of Austal’s strategy to strengthen its financial position and support future growth opportunities, potentially impacting its market positioning and stakeholder interests.
More about Austal Limited
Austal Limited is a company operating in the shipbuilding industry, primarily focused on designing and constructing high-speed vessels for both defense and commercial markets. The company is known for its innovative maritime solutions and has a significant presence in the global shipbuilding market.
YTD Price Performance: 34.80%
Average Trading Volume: 5,765
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $896.6M
For a thorough assessment of ASB stock, go to TipRanks’ Stock Analysis page.