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An announcement from RLF AgTech Ltd ( (AU:RLF) ) is now available.
RLF AgTech Ltd successfully raised $1,543,210 through an Entitlement Issue and an additional $874,304 via a Shortfall Placement. The company announced the completion of the Shortfall Placement and confirmed that the options from the Entitlement Issue have met ASX requirements for quotation. The ability to operate and manufacture its products in Australia following the end of a previous distribution agreement presents an opportunity for business expansion.
More about RLF AgTech Ltd
RLF AgTech Ltd is an Australian-based global company specializing in plant nutrition and carbon technology. It focuses on developing products that enhance agricultural productivity while contributing to environmental sustainability. The company combines plant science with advanced chemistry to create high-quality plant nutrition products that support carbon sequestration. Operating in Asia since 2006, RLF has a significant presence in China and has recently expanded in Australia, acquiring a fertiliser business in Queensland.
YTD Price Performance: 20.0%
Average Trading Volume: 351,593
Technical Sentiment Consensus Rating: Hold
For detailed information about RLF stock, go to TipRanks’ Stock Analysis page.
