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DTI Group Ltd ( (AU:DTI) ) has shared an announcement.
DTI Group Ltd has secured a $1.25 million loan from Finico Pty Ltd, a major shareholder, with a 10% annual interest rate and a maturity date of June 30, 2025. Additionally, Finico has committed to underwriting a $2.69 million entitlement offer, which DTI plans to use to repay the loan, highlighting the company’s strategic financial maneuvers to bolster its funding and operational stability.
More about DTI Group Ltd
DTI Group Ltd is a company that operates in the transit technology industry, focusing on providing solutions and services that enhance public transportation systems.
YTD Price Performance: 10.0%
Average Trading Volume: 136,419
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.13M
Learn more about DTI stock on TipRanks’ Stock Analysis page.