ProTen chicken farmer raises A$34 million to expand in Australia

Wed, 10 Jun 2015

By Tina Morrison June 10 (BusinessDesk) - ProTen, an Australian chicken farming business whose shares trade on New Zealand's Unlisted market, raised A$34 million to fund future growth and repay financing. The Sydney-based company exceeded its target detailed last month to raise between A$25 million and A$30 million. The company's shares, which were removed from a trading halt today, last changed hands at 70 cents in April, valuing the company at $70.4 million. ProTen, Australia's largest independent contract grower of broiler chickens...

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