Market research
Xanadu Wines has completed its 1-for-2 share issue. The company announced the closure of the issue of 78.01m shares at A$0.09 each to raise A$7.02m yesterday. The issue closed on 4 June.
A total of 37.3m shares were accepted by shareholders, with a further 24.06m shares being taken up by other applicants. The remaining 16.65m shares were allocated to general shortfall applicants.
Sectors: Wine
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