Beston Wine Trust, an Australian listed company investing in vineyards and industry infrastructure in Australia and New Zealand, has closed its latest capital raising over-subscribed.


Beston said that A$21.2m (US$12.7m) was raised as 23.8 million units were allotted and the money would be used to acquire and develop premium vineyards across Australia. When the capital raising was announced Beston said it expected it grow its asset from A$96m to US$135m.

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