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AUSTRALIA

AusGroup raises $13M

PERTH-based contractor AusGroup has entered into a conditional placement agreement with DBS Bank that will see it raise about $15.2 million Singapore dollars ($A13.38 million).

Andrew Duffy

The deal will see DBS take 96.1 million ordinary shares for $S16.8c a share, a discount of 8.5%. The shares represent a 19.9% stake in AusGroup, with the net proceeds used for general working capital...

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