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F.F.I. Holdings Ltd. ( (AU:FFI) ) just unveiled an update.
F.F.I. Holdings Ltd. has announced a non-renounceable entitlement offer to raise approximately $11.0 million. The offer allows eligible shareholders to acquire two new shares for every seven shares held at a price of $3.50 per share, representing a discount to the last traded share price. The funds will be used for investment property development, purchasing plant and equipment, debt repayment, and working capital. The directors, who hold about 36% of the company’s existing capital, plan to fully participate, indicating confidence in the company’s growth plans.
More about F.F.I. Holdings Ltd.
Average Trading Volume: 1,097
Technical Sentiment Signal: Buy
Current Market Cap: A$44.59M
See more data about FFI stock on TipRanks’ Stock Analysis page.