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Baumart Holdings Ltd ( (AU:BMH) ) has provided an announcement.
Baumart Holdings Limited has announced a non-renounceable rights issue, offering 1 new fully paid ordinary share for every 3 shares held at a price of $0.01, aiming to raise approximately $482,000. This initiative, set to close on 23 May 2025, is designed to strengthen the company’s financial position and potentially enhance its market operations, offering eligible shareholders in Australia and New Zealand the opportunity to increase their investment in the company.
More about Baumart Holdings Ltd
Baumart Holdings Limited operates within the industrial sector, focusing on providing construction and building materials. The company is primarily engaged in the distribution and supply of these materials, targeting markets in Australia and New Zealand.
Average Trading Volume: 53,408
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.93M
For detailed information about BMH stock, go to TipRanks’ Stock Analysis page.