Parkway Corporate Bolsters Growth with $6.25M Funding
Company Announcements

Parkway Corporate Bolsters Growth with $6.25M Funding

Parkway Corporate Limited (AU:PWN) has released an update.

Parkway Corporate Limited has successfully secured a $6.25 million funding package, combining a $4 million term loan with a $2.25 million oversubscribed share placement, to support strategic growth initiatives and the integration of recently acquired Tankweld. The funding will also provide general working capital for the expanded business, marking a significant milestone in Parkway’s development. The term loan from Causeway will bolster Parkway’s financial capacity and enable it to pursue ambitious projects, including potential build-own-operate-transfer opportunities.

For further insights into AU:PWN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskParkway Corporate Reports Strong Growth and Tech Breakthroughs
TipRanks Australian Auto-Generated NewsdeskParkway Corporate Limited Strengthens Leadership Team
TipRanks Australian Auto-Generated NewsdeskParkway Corporate Limited Announces Virtual AGM 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App