FINWIRES · TerminalLIVE
FINWIRES

Centuria Capital Group Completes AU$265 Million Equity Raising; Shares Down 8%

By

Centuria Capital Group (ASX:CNI) completed an institutional placement and the institutional component of an entitlement offer to raise about AU$265 million in total, according to a Tuesday filing with the Australian bourse.

The institutional placement generated about AU$200 million, while the institutional component of a 1-for-17 accelerated entitlement offer generated about AU$65 million, per the filing.

The company said the retail component of the entitlement offer will open on June 26 and is expected to raise an additional AU$35 million, completing an aggregate equity raise of AU$300 million.

Centuria will issue roughly 133 million securities under the placement and the institutional component of the entitlement offer at a price of AU$2 per security.

The company's shares resumed ASX trading as of market open on Tuesday and were down nearly 8% in recent morning activity.

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30
Centuria Capital Group Completes AU$265 Million Equity Raising; Shares Down 8% | FINWIRES