Costa Group Holdings Limited (ASX: CGC), one of the Australia’s top grower, packer and marketer of fresh fruits and vegetables, released an invite for retail investors, to participate in the 1 for 4 pro rata accelerated renounceable entitlement offer with retail rights trading. It will raise gross proceeds of approximately $176 million and the new shares will be offered at a price of $2.20 per new share.
- The proceeds will be used to strengthen the company’s balance sheet;
- and ensure that Costa has appropriate capital structure to support its growth strategy.
At AEST 01:29 PM, the stock was trading at $2.670 per share, down by 0.373% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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