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Wellnex Life Ltd ( (AU:WNX) ) has shared an update.
Wellnex Life Limited has announced a non-renounceable entitlement offer to raise up to $22.1 million through the issue of new shares at $0.65 each. Eligible shareholders can acquire one new share for every share they hold, with the opportunity to subscribe for additional shares not taken up by others. This move aims to strengthen the company’s financial position and support its growth initiatives, potentially enhancing its market presence and offering benefits to stakeholders by providing them with an opportunity to increase their shareholding.
More about Wellnex Life Ltd
Wellnex Life Limited operates in the health and wellness industry, focusing on providing innovative products and solutions that enhance consumer well-being. The company is involved in the development and distribution of a range of nutritional supplements and health-related products, catering primarily to markets in Australia and New Zealand.
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.
