Vysarn Ltd (AU:VYS) has released an update.
Vysarn Limited, a water services company, has announced the strategic acquisition of CMP Consulting Group, aiming to leverage the upcoming water infrastructure boom in Australia’s most populous states. The $38.2 million capital raise, through the placement of new shares, will fund the $24 million cash purchase of CMP, with additional shares contingent on performance targets. This move is expected to significantly boost Vysarn’s earnings per share and contribute to long-term growth.
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