Alpha HPA Limited (AU:A4N) has released an update.
Alpha HPA Limited has announced a successful upsized equity raising of $175 million, surpassing the initial target of $120 million, due to strong demand from institutional investors. The funds will expedite the second stage of the HPA First Project, focusing on detailed engineering, construction works, and general working capital. Additionally, Alpha plans to offer a Share Purchase Plan to eligible shareholders, allowing them to invest up to $30,000 in new shares at a competitive price.
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