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Raptis Group Ltd. ( (AU:RPG) ) has shared an announcement.
Raptis Group Ltd. has announced a pro rata non-renounceable entitlement offer to raise approximately $1.75 million by issuing new shares to existing shareholders. The offer is fully underwritten by GAS Asset Holdings Pty Ltd and Hayman Developments (QLD) Pty Ltd, which could lead to a significant change in company control if shareholders do not fully subscribe to their entitlements. This move is expected to impact the company’s financial structure and potentially its market positioning, depending on shareholder participation.
More about Raptis Group Ltd.
Raptis Group Ltd. operates in the real estate and development industry, focusing on property development and investment. The company is listed on the Australian Securities Exchange under the ticker RPG.
Average Trading Volume: 428,222
Technical Sentiment Signal: Sell
Current Market Cap: A$2.14M
For a thorough assessment of RPG stock, go to TipRanks’ Stock Analysis page.