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Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an update.
Jade Gas Holdings Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders in Australia and New Zealand to purchase up to $30,000 worth of new shares at a discounted price of $0.035 per share. The SPP aims to raise up to $2.1 million and offers shareholders the opportunity to invest on similar terms as a recent share placement to professional investors. The offer is not underwritten, and applications may be scaled back if oversubscribed. This initiative is part of Jade Gas’s strategy to enhance its capital base and support its growth objectives in the energy sector.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a company listed on the Australian Securities Exchange (ASX) under the ticker JGH. The company is involved in the energy sector, focusing on the exploration and development of gas resources. Its market focus includes providing energy solutions and expanding its gas production capabilities.
Average Trading Volume: 616,134
Technical Sentiment Signal: Sell
Current Market Cap: A$57.35M
For detailed information about JGH stock, go to TipRanks’ Stock Analysis page.