Tasmea Ltd. (AU:TEA) has released an update.
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Tasmea Ltd. is expanding its business portfolio by acquiring Future Engineering Group, a transaction partly funded through the issuance of 7 million new shares at A$2.50 each, totaling A$17.5 million. This strategic move, announced on September 2, 2024, aims to enhance the company’s market position and will see these newly issued shares quoted on the ASX under the code TEA.
For further insights into AU:TEA stock, check out TipRanks’ Stock Analysis page.