Emeco completes retail entitlement offer

Company News

by Anna Napoli

Emeco (ASX:EHL) has announced the successful completion of its retail offer.

The Earth moving equipment company has raised $13 million at a price of 25 cents per share.
The offer .

An institutional offer raised around $77 million, taking the total proceeds to about $90 million.

The issue of new shares under the offer is scheduled for the 25th of May.

Shares in Emeco (ASX:EHL) are trading 2.38 per cent higher at 32 cents

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.