Southern Cross Media Group Limited (ASX:SXL) revealed the successful completion of the fully underwritten placement to institutional as well as sophisticated investors and the institutional component of its 1.75 for 1 accelerated pro-rata non-renounceable entitlement deal of fully paid ordinary shares in the Company, details of which were announced to the ASX on Monday, 6 April 2020.
Together, the fully underwritten Placement and the Entitlement Offer is anticipated to bring in nearly $169 million.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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