Fluence successfully raises $33.1m

Company News

by Anna Napoli

Wastewater treatment company, Fluence Corporation (ASX:FLC) has successfully raised $33.1 million via its share purchase plan.

The funds raised will go towards business growth in China sales as well as general working capital for the business.

US based investors anchored the capital raising and Fluence says this reflects the growing North American interest in the company's execution of a global water and wastewater treatment solutions.

.Settlement of the placement is scheduled to take place this Friday the 2nd of November 2018.

Shares in Fluence (ASX:FLC) shares are trading 12.09 per cent lower to 40 cents