Not sure where you get the $1.60 figure from? The offer is one share for every 9.45 shares held, for the price of $10.80 per share.
you have to hand it to management, they're raising a lot of capital while there's interest being generated in the China talks.
Given the forward weather forecasts it looks as if their production will be dropping quite a bit for the foreseeable future.
https://www.news.com.au/travel/travel-ideas/food-drink/extreme-weather-conditions-impact-global-wine-production/news-story/ceaff0dcc3572ae71d5292c78f79a9df?amp
News: TWE UPDATE 1-China's wine market ready to welcome likely return of Aussie wine as ties improve, page-9
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Last
$7.93 |
Change
-0.120(1.49%) |
Mkt cap ! $6.434B | |||
| Open | High | Low | Value | Volume |
| $7.98 | $7.99 | $7.91 | $58.64M | 7.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6207 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.94 | 40688 | 4 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| TWE (ASX) Chart |