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Tuas Ltd. ( (AU:TUA) ) just unveiled an update.
Tuas Limited announced its proposed acquisition of M1 Limited, excluding its information and communications technology businesses, through its subsidiary Simba Telecom Pte Ltd. This acquisition is accompanied by an equity raising initiative, which includes a non-underwritten placement of new shares to institutional investors and a share purchase plan for eligible shareholders in Australia and New Zealand. This strategic move is expected to enhance Tuas’s market positioning and operational capabilities, potentially impacting stakeholders positively by expanding its service offerings and market reach.
The most recent analyst rating on (AU:TUA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Tuas Ltd. stock, see the AU:TUA Stock Forecast page.
More about Tuas Ltd.
Tuas Limited is involved in the telecommunications industry, primarily focusing on providing communication services. The company is expanding its market presence by acquiring assets and raising equity to strengthen its position.
Average Trading Volume: 436,959
Technical Sentiment Signal: Buy
Current Market Cap: A$2.58B
For a thorough assessment of TUA stock, go to TipRanks’ Stock Analysis page.