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Tuas Ltd. ( (AU:TUA) ) has shared an update.
Tuas Limited has announced a proposed issue of securities, which includes an offer under a securities purchase plan and a placement. The company plans to issue a maximum of 9,541,984 ordinary fully paid securities under the purchase plan and 69,903,780 under the placement. This move is likely aimed at raising capital to support its operations or strategic initiatives, potentially impacting its market positioning and offering opportunities for stakeholders.
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.
Average Trading Volume: 436,959
Technical Sentiment Signal: Buy
Current Market Cap: A$2.58B
For detailed information about TUA stock, go to TipRanks’ Stock Analysis page.