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The latest announcement is out from Wellnex Life Ltd ( (AU:WNX) ).
Wellnex Life Limited has announced a non-renounceable entitlement offer aiming to raise approximately $22.1 million through the issuance of new fully paid ordinary shares. This offer is available only to eligible shareholders with registered addresses in Australia or New Zealand. The company has decided not to extend this offer to shareholders outside these regions due to regulatory costs and the small number of shareholders in those countries. This move is expected to strengthen Wellnex’s financial position and support its growth strategy within its primary markets.
More about Wellnex Life Ltd
Wellnex Life Limited operates in the health and wellness industry, focusing on providing a range of wellness products and services. The company primarily targets consumers in Australia and New Zealand, aiming to enhance their overall health and well-being through innovative and high-quality offerings.
YTD Price Performance: 25.83%
Average Trading Volume: 5,627
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €14.28M
For an in-depth examination of WNX stock, go to TipRanks’ Stock Analysis page.
