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The latest announcement is out from White Energy Company Limited ( (AU:WEC) ).
White Energy Company Limited has announced a partially underwritten, non-renounceable pro rata entitlement offer to existing shareholders in Australia and New Zealand. The offer, managed by Morgans Corporate Limited, allows eligible shareholders to subscribe for additional shares beyond their entitlement. The company expects no material impact on its control structure, as major shareholders have committed to taking up their full entitlements, and any shortfall will be managed by the lead manager.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on the production and distribution of energy-related products and services. The company is listed on the Australian Securities Exchange and the OTC market, with a market focus primarily in Australia and New Zealand.
Average Trading Volume: 54,525
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.35M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.