Emeco completes (ASX:EHL) $38M raising

Company News

by Katrina Bullock

Mining services company Emeco Holdings (ASX:EHL) has successfully completed a retail entitlement offer.

The 1 for 2.10 pro-rata accelerated non-renounceable entitlement offer raised $38 million at 85 cents per share.

Combined with the $111 million the company raised during the institutional component of the entitlement offer, this bring the total amount to around $149 million.

Shares in Emeco Holdings (ASX:EHL) are trading 2.3 per cent lower at 84 cents.