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Maggie Beer Holdings Ltd. ( (AU:MBH) ) just unveiled an announcement.
Maggie Beer Holdings Ltd has announced a $3 million placement agreement with Frisden Pty Ltd, associated with Maurice Crotti AO, to issue new shares at a 10% discount to the 30-day VWAP. This strategic move aims to strengthen the company’s balance sheet and improve its working capital, supporting its growth initiatives. Additionally, a $2 million rights issue will be offered to shareholders under the same terms, further enhancing the company’s financial position.
More about Maggie Beer Holdings Ltd.
Maggie Beer Holdings Ltd operates in the food manufacturing industry, focusing on premium food products. The company is known for its high-quality offerings and has a market focus on both domestic and international food markets.
Average Trading Volume: 172,867
Technical Sentiment Signal: Hold
Current Market Cap: A$23.38M
Learn more about MBH stock on TipRanks’ Stock Analysis page.