Ausgroup to place out 70m new shares.
According to a report by OSK-DMG, Ezion has acquired a 6.9% stake in Ausgroup at SGD0.355 a share totalling 39.9m. Ausgroup plans to place out 70m new shares to fund the collaboration with Ezion and grant 145m share options with an exercise price of SGD0.3675 a share raising SGD78m which will be used to fund Ausgroup's proposed expansion into Australia's offshore and onshore services.
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