Farm Pride Foods Limited (AU:FRM) has released an update.
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Farm Pride Foods Ltd successfully raised $911,462.60 through a Rights Issue, offering new shares to support working capital and expand operations post-avian influenza recovery. The funds will also go towards capital expenditure and other necessities, with new shares issued to accepting shareholders and the remainder to be handled by underwriters.
For further insights into AU:FRM stock, check out TipRanks’ Stock Analysis page.