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Cromwell Property Group (ASX:CMW) has announced a $163 million equity raising via new shares, at an issue price of $0.785.
The proceeds will be used to reduce debt, provide additional working capital and to fund a new unlisted property syndicate.
The company says the syndicate has been established to hold a new office building under construction in Melbourne which will be occupied by the Australian Tax Office.
Cromwell Property Group generated a net profit of $23 million in the 2012 financial year.
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Last
44.0¢ |
Change
-0.010(2.22%) |
Mkt cap ! $1.152B | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.0¢ | $851.3K | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104250 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 307500 | 3 |
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| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| CMW (ASX) Chart |