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An update from Range International Limited ( (AU:RAN) ) is now available.
Range International Limited has successfully completed the first tranche of its two-part placement, raising A$1,577,647 through the issuance of 140 million fully paid ordinary shares. The funds will be used to expand the company’s operations in Indonesia and the Philippines, repay existing debt, and cover working capital. This strategic move aims to bolster Range’s growth initiatives in the rental pallet market and enhance its financial flexibility.
More about Range International Limited
Range International Limited is a manufacturer of plastic pallets using ThermoFusion™ technology to produce ‘zero waste’, 100% upcycled plastic pallets. The company operates production lines in East Java, Indonesia, and markets its pallets under the Re>Pal™ brand across Indonesia and the Asia Pacific region.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.29M
For detailed information about RAN stock, go to TipRanks’ Stock Analysis page.