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Duxton Farms Limited ( (AU:DBF) ) has shared an update.
Duxton Farms Limited has announced the successful completion of a strategic merger with four private companies and a fully underwritten conditional placement raising approximately A$4,548,000. The merger involves Duxton Bees Pty Ltd, Duxton Dried Fruits Pty Ltd, Duxton Dairies (Cobram) Pty Ltd, and Duxton Orchards Pty Ltd, and aims to consolidate Duxton Farms’ position in the agricultural sector. The company issued 3,638,400 new shares to institutional investors and 56,997,458 shares as scrip consideration for the merger, alongside 13,606 shares as employee bonuses. This move is expected to enhance operational synergies and expand Duxton Farms’ market presence.
More about Duxton Farms Limited
Duxton Farms Limited operates in the agricultural industry, focusing on the production and management of various agricultural assets. Its primary products and services include operations related to bees, dried fruits, dairies, and orchards, indicating a diverse market focus within the agricultural sector.
Average Trading Volume: 64,035
Technical Sentiment Signal: Sell
Current Market Cap: A$88.6M
For an in-depth examination of DBF stock, go to TipRanks’ Overview page.