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Comms Group Ltd. (Australia) ( (AU:CCG) ) has shared an announcement.
Comms Group Ltd. has announced a capital raising initiative involving a non-underwritten placement of 96.4 million new shares to institutional investors and a fully underwritten entitlement offer of 43.3 million new shares, aiming to raise approximately $6.985 million in total. The initiative is structured to maintain existing shareholders’ percentage interests if they fully participate in the entitlement offer, although the placement will dilute existing holdings. The company does not anticipate any material impact on its control structure as a result of this capital raising.
More about Comms Group Ltd. (Australia)
Comms Group Ltd. is an Australian company operating in the telecommunications industry, providing communication solutions and services to institutional investors and shareholders.
Average Trading Volume: 343,795
Technical Sentiment Signal: Sell
Current Market Cap: A$23.42M
For a thorough assessment of CCG stock, go to TipRanks’ Stock Analysis page.