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Veem Ltd ( (AU:VEE) ) has issued an update.
VEEM Limited has issued 10,000,000 new fully paid ordinary shares at $1.30 each to institutional and sophisticated investors as part of a placement announced on 30 September 2025. This move is expected to strengthen the company’s financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.
The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.
More about Veem Ltd
VEEM Limited operates in the engineering and manufacturing industry, specializing in the production of high-precision marine propulsion and stabilization systems. The company focuses on providing innovative solutions to the maritime sector, catering to both commercial and defense markets.
Average Trading Volume: 291,923
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$210.8M
See more insights into VEE stock on TipRanks’ Stock Analysis page.