From the AFR
ASX-listed infant formula outfit Bubs Australia has launched an equity raising to fund its acquisition of a stake in a Chinese manufacturing facility, as part of its joint venture with Chinese-listed group Beingmate.From
The company launched the $38.3 million placement and share purchase plan on Monday morning, with help from Bell Potter and PAC Partners.
The placement was pegged to raise $28.3 million and the share purchase plan would snare the balance, according to terms sent to funds.
The offer was priced at 80¢ a share, which represented a 12.6 per cent discount to Bubs' last close and a 15.8 per cent discount to the five-day VWAP.
Funds raised would go towards Bubs' fiscal 2021 growth plans, including investing in brand awareness and product innovation
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $107.1M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $40.04K | 333.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 2426111 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 19217 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10954 | 0.120 |
55 | 2426111 | 0.115 |
47 | 1485422 | 0.110 |
19 | 486924 | 0.105 |
37 | 1225331 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 2376098 | 29 |
0.130 | 2109318 | 43 |
0.135 | 454203 | 20 |
0.140 | 1097044 | 29 |
0.145 | 1701722 | 10 |
Last trade - 11.46am 11/09/2024 (20 minute delay) ? |
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