Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from White Energy Company Limited ( (AU:WEC) ) is now available.
White Energy Company Limited announced a renounceable pro rata entitlement offer to its existing shareholders, allowing them to purchase additional shares. This offer could potentially affect the company’s control dynamics, especially if some shareholders do not fully exercise their entitlements, leading to dilution of their holdings. Major shareholders, Gaffwick Pty Ltd and Ilwella Pty Ltd, hold significant voting power, and their participation in the offer will influence the overall control structure.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on the production and distribution of energy resources. The company is listed on the Australian Securities Exchange and the OTC market, with a market focus on shareholders primarily in Australia and New Zealand.
YTD Price Performance: -47.50%
Average Trading Volume: 1,303
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.53M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.