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The latest update is out from Babylon Pump & Power Ltd ( (AU:BPP) ).
Babylon Pump & Power Ltd announced the results of its retail entitlement offer, raising $1,603,570 through valid acceptances from eligible shareholders. The capital raised will fund the acquisition of Matrix Hydro Services and support Babylon’s growth strategy to develop a high-margin, integrated rental and technical services platform. The positive response from shareholders and investors indicates strong endorsement of the company’s strategic direction.
The most recent analyst rating on (AU:BPP) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd (ASX: BPP) is a provider of specialty mining services to the resources sector in Australia, specializing in high-pressure pumping, dewatering, and project water management. The company also offers specialty power generation solutions and full maintenance and asset management services for high-power mobile equipment. Based in Perth, Babylon operates in Western Australia and Queensland.
Current Market Cap: A$16.87M
Learn more about BPP stock on TipRanks’ Stock Analysis page.