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MEO cashed up for growth

MEO Australia has boosted its cash reserves to more than $100 million following the completion of a targeted placement that will be used to underpin the company's growth aspirations.

Marija Stojkovic
MEO cashed up for growth

The company raised $32.6 million through the placement of 62.8 million shares at 52c per share to North America and UK-based institutional investors. MEO said it carried out the placement to broaden...

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