ProTen seeks to raise as much as A$30M to fund future growth

Fri, 08 May 2015

By Tina Morrison May 8 (BusinessDesk) - ProTen, an Australian chicken-farming business whose shares trade on New Zealand's Unlisted market, plans to raise as much as A$30 million in a private placement to fund future growth. The Sydney-based company's shares were placed in a trading halt late Wednesday until June 9 or when the placement is completed, it said in a statement. It plans to raise A$25 million to A$30 million in equity from new and existing institutional and high net worth sophisticated investors. That's lower than the A$50 mil...

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