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An update from Baumart Holdings Ltd ( (AU:BMH) ) is now available.
BauMart Holdings Limited announced a non-renounceable pro-rata entitlement offer to raise approximately $482,000. Eligible shareholders can subscribe for one new share for every three shares held at an issue price of $0.01 per share. The offer may affect the control of the company depending on shareholder participation, but measures are in place to prevent any single shareholder from gaining excessive control.
More about Baumart Holdings Ltd
BauMart Holdings Limited is an Australian public company listed on the Australian Securities Exchange, specializing in sourcing, procurement, and end-to-end supply chain services. The company also supplies industrial products, including the Washpod product, and offers other managed services. Headquartered in Perth, BauMart has a strong network of suppliers and infrastructure, positioning it for growth in its sourcing and procurement services.
YTD Price Performance: -48.75%
Average Trading Volume: 32,485
Technical Sentiment Signal: Buy
Current Market Cap: A$5.93M
For a thorough assessment of BMH stock, go to TipRanks’ Stock Analysis page.