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Wellnex Life Ltd ( (AU:WNX) ) has provided an update.
Wellnex Life Ltd has announced a non-renounceable entitlement offer for eligible shareholders, providing one new share for every existing share at an issue price of $0.65 to raise approximately $22.1 million. This move, although not underwritten, highlights Wellnex’s strategic initiative to strengthen its financial position and potentially expand its market influence, though it carries speculative investment risks.
More about Wellnex Life Ltd
Wellnex Life Ltd is a company operating in the health and wellness industry. It primarily focuses on offering health-related products and services to its stakeholders.
YTD Price Performance: 17.50%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €18.83M
Find detailed analytics on WNX stock on TipRanks’ Stock Analysis page.
