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Tuas Ltd. ( (AU:TUA) ) has shared an announcement.
Tuas Limited has announced the issuance of 69,903,780 new fully paid ordinary shares at an issue price of $5.51 per share to institutional and sophisticated investors as part of a non-underwritten institutional placement. This move, conducted alongside a share purchase plan, is part of the company’s strategy to raise capital, potentially impacting its financial standing and market operations.
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: 877,227
Technical Sentiment Signal: Buy
Current Market Cap: A$3.34B
For an in-depth examination of TUA stock, go to TipRanks’ Overview page.