National Tyre & Wheel Ltd. (AU:NTD) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
National Tyre & Wheel Ltd. aims to raise $12.41 million through a 1 for 4 non-renounceable entitlement offer at $0.37 per new share, funding working capital and associated costs for their new Dunlop tyre distribution venture. The offer is limited to eligible shareholders with specific geographic and legal criteria, excluding U.S. residents and others outside Australia and New Zealand. Ineligible shareholders will have their entitled shares sold by a nominee, with net proceeds distributed accordingly.
For further insights into AU:NTD stock, check out TipRanks’ Stock Analysis page.