Parkway Corporate Limited (AU:PWN) has released an update.
Parkway Corporate Limited has successfully secured a $6.25 million funding package, combining a $4 million term loan with a $2.25 million oversubscribed share placement, to support strategic growth initiatives and the integration of recently acquired Tankweld. The funding will also provide general working capital for the expanded business, marking a significant milestone in Parkway’s development. The term loan from Causeway will bolster Parkway’s financial capacity and enable it to pursue ambitious projects, including potential build-own-operate-transfer opportunities.
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