Mystate Limited (AU:MYS) has released an update.
Auswide Bank Ltd announces a bold move to merge with MyState Limited, acquire Specialist Equipment Leasing Finance Company Pty Ltd (Selfco), and initiate an equity capital raising. This strategic move includes a placement of new shares to select investors and a share purchase plan for Australian and New Zealand shareholders, excluding the US market. The aim is to create value through growth opportunities and operational efficiencies.
For further insights into AU:MYS stock, check out TipRanks’ Stock Analysis page.
