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Equity Story Group Ltd. ( (AU:EQS) ) just unveiled an update.
Equity Story Group Ltd has announced a fully underwritten renounceable entitlement offer to raise approximately $3.54 million. The proceeds will be used for business development, working capital, and creditor repayment, with a significant focus on expanding into the property sector. The offer allows eligible shareholders to purchase two new shares for every existing share at $0.01 each, with the opportunity to apply for additional shares if there is a shortfall. This initiative aims to support the company’s growth, diversification, and market positioning.
More about Equity Story Group Ltd.
Equity Story Group Ltd operates in the financial services industry, focusing on funds management. The company is working towards expanding its business, particularly into the property sector, by launching new funds and investment products, and enhancing its operational and compliance systems.
Average Trading Volume: 531,861
Technical Sentiment Signal: Sell
Current Market Cap: A$3.01M
See more data about EQS stock on TipRanks’ Stock Analysis page.