CLG 0.00% 17.5¢ close the loop ltd.

Ann: Close the Loop to acquire ISP Tek Services, page-12

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  1. 9,871 Posts.
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    Salter Bros now on board as per there latest quarterly report :

    "Close the Loop Limited (CLG) engages in the circular economy
    (i.e. recycling and reuse of materials). CLG recently raised
    $45.0m in equity to fund a transformative acquisition. The
    Manager took advantage of this fund raising event to start
    building a position in CLG. The acquisition made by CLG
    generates an additional $70.0m in proforma revenue while
    operating at sustainably better earnings margins, making
    the acquisition immediately earnings accretive. The Manager
    continues to closely manage and looks to add to this position
    over the coming months."
 
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