Smash repair business AMA Group launches $55m raise; Canaccord drafted

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 90%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Shares were priced at 7.5¢, a 35 per cent discount to the last close price.

AMA’s shares have tumbled nearly 40 per cent this year. Its auditors have raised concerns about its ability to continue as a going concern.

This latest fundraising comes despite the board insisting 12 months earlier that more capital was not required at AMA, which has almost 130 shops under brands including Gemini.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines