Powerhouse Ventures Ltd. (AU:PVL) has released an update.
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Powerhouse Ventures Limited has injected $A300,000 into Site Group International Limited, with a total equity finance of $A800,000 secured for the training provider, which is now recovering post-COVID and planning high-rise developments in the Philippines. PVL will also earn equity for structuring the deal and provide two years of advisory services to enhance Site Group’s capital market engagement and corporate strategy. The investment is seen as a strategic move by PVL to position Site Group for a growth phase and potential market re-ratings.
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