Think announces capital raising and aquisitions

Company News

by Anna Napoli

Childcare provider Think Childcare (ASX:TNK) has announced a capital raising and the acquisition of four childcare centres.

The company has launched an institutional placement to raise around $10 million dollars.

The purchase of the new centres will be fully funded by the proceeds of the capital raising.

Think says the offer price for the capital raising will be $1.99 per share.

Think Childcare (ASX:TNK) is currently in a trading halt and last traded at $2.10.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.