The $20.8m placement is priced at a 21.2% discount, rights issue at 28.1%.
Jenny Ruth Tue, 07 Aug 2018
Steel & Tube says it is raising $20.8 million from a placement at $1.15 a share and a further $60.1m from a fully underwritten one-for-1.9 rights issue at $1.05 a share.
Steel & Tube shares last traded on Monday at $1.46.
The embattled company says its annual results are expected to be
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