2nd Oct 2015 14:25
LONDON (Alliance News) - REA Holdings PLC on Friday said it intends to raise around GBP4.4 million in a share placing of 1.75 million shares at a price of 260 pence.
Shares in the palm oil company were up 2.3% at 273.75 pence Friday afternoon.
The company said it will use the proceeds of the placing to augment its working capital.
Additionally, the company said that its talks with a strategic investor over a potential equity participation in its Indonesian agricultural operations are progressing.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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