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An announcement from Felix Group Holdings Ltd. ( (AU:FLX) ) is now available.
Felix Group Holdings Ltd has announced the issuance of 48,181,818 fully paid ordinary shares under tranche 2 of their share placement and 16,363,636 shares for the acquisition of Nexvia Pty Ltd. This strategic move, following shareholder approval, aims to enhance Felix’s market positioning by expanding its capabilities through the acquisition of Nexvia, potentially benefiting stakeholders by strengthening the company’s procurement management platform.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd operates a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace. The company focuses on connecting contractors and third-party vendors by digitizing, automating, and streamlining procurement-related business processes, thereby reducing supply chain risk and improving transparency and governance.
Average Trading Volume: 127,256
Technical Sentiment Signal: Buy
Current Market Cap: A$53.43M
For an in-depth examination of FLX stock, go to TipRanks’ Overview page.