Blackmores Limited (ASX:BKL) has completed a $92 million fully underwritten institutional placement of ~ 1.3 million fully paid ordinary shares at $72.50.
The placement received support from the existing institutional shareholders as well as other institutional investors.
The proceeds of the placement would be used for accelerating its growth in Asia, invest in efficiency program and strengthen the balance sheet.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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