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Parkd Ltd. ( (AU:PKD) ) has provided an announcement.
PARKD Limited has successfully completed a placement raising A$0.78 million, exceeding its initial target due to strong demand from investors, including the McNab Group. The funds will support the establishment of a new prefabrication facility on Australia’s East Coast, enhancing PARKD’s strategic expansion and positioning it to capture significant opportunities in the construction market, particularly in New South Wales. This expansion is expected to address critical industry challenges such as labor shortages and improve efficiency in construction processes.
More about Parkd Ltd.
PARKD Limited operates in the construction industry, specializing in prefabrication solutions. The company focuses on modular construction systems, particularly targeting the data centre and multi-storey self-storage sectors. PARKD is leveraging exclusive national prefabrication rights with Fielders to expand its market presence across Australia.
Average Trading Volume: 278,010
Technical Sentiment Signal: Buy
Current Market Cap: A$3.64M
Learn more about PKD stock on TipRanks’ Stock Analysis page.