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The latest update is out from Mayfield Group Holdings Limited ( (AU:MYG) ).
Mayfield Group Holdings Limited has successfully completed a private placement, raising $30.5 million from institutional investors at an issue price of A$1.90 per share. Additionally, the company is offering a Share Purchase Plan (SPP) to existing eligible shareholders to raise up to A$3 million at the same price. The funds will be used to support Mayfield’s acquisition pipeline and enhance its manufacturing capabilities, positioning the company for growth and potentially increasing its market share.
The most recent analyst rating on (AU:MYG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Mayfield Group Holdings Limited stock, see the AU:MYG Stock Forecast page.
More about Mayfield Group Holdings Limited
Mayfield Group Holdings Limited operates in the manufacturing industry, focusing on increasing its manufacturing capacities and capabilities. The company is engaged in potential acquisitions to expand its market presence.
Average Trading Volume: 182,071
Technical Sentiment Signal: Buy
Current Market Cap: A$189.5M
For a thorough assessment of MYG stock, go to TipRanks’ Stock Analysis page.