Select Harvests (AU:SHV) has released an update.
Select Harvests Ltd has announced the successful finalization of an $80 million equity raising effort with an $18.3 million retail entitlement offer that concluded on a strong note. The capital raised will be directed towards reducing debt, expanding processing capacity, and covering transaction costs. The newly issued shares from the retail offer are set to begin trading soon, marking a significant financial milestone for the company.
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