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Austal Announces A$200M Institutional Placement To Expand US Capacity

ReutersMar 11, 2025 3:24 AM

- Austal Ltd ASB.AX:

  • A$200M INSTITUTIONAL PLACEMENT TO EXPAND US CAPACITY

  • NET PROCEEDS WILL BE USED TO PARTLY FUND FA2 INFRASTRUCTURE EXPANSION PROJECT

  • PLACEMENT TO BE ISSUED AT A PRICE OF A$3.80 PER NEW SHARE

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