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Wagners Holding Co. Ltd. ( (AU:WGN) ) just unveiled an announcement.
Wagners Holding Company Limited has issued 11,539,650 fully paid ordinary shares to institutional and sophisticated investors, raising $30 million. This strategic move, executed without disclosure under section 708A(5) of the Corporations Act, aims to strengthen the company’s financial position and enhance its market competitiveness.
The most recent analyst rating on (AU:WGN) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on Wagners Holding Co. Ltd. stock, see the AU:WGN Stock Forecast page.
More about Wagners Holding Co. Ltd.
Wagners Holding Company Limited operates in the construction industry, providing a range of products and services including construction materials, project services, composite fibre technologies, and earth-friendly concrete. The company focuses on innovative and sustainable solutions within the construction sector.
Average Trading Volume: 360,153
Technical Sentiment Signal: Buy
Current Market Cap: A$493M
See more insights into WGN stock on TipRanks’ Stock Analysis page.