Construction company Aveng intends to raise R300-million by way of a fully co-underwritten renounceable rights offer so that it may restructure its balance sheet, which will allow the group to reset its capital structure. The rights offer comprises up to 20-billion ordinary no par value shares in Aveng and as many class A shares that may be required to be issued to the underwriters to ensure the minima of the rights offer as required by the underwriters is attained.
Aveng to raise R300m to restructure balance sheet, pay debt
2021-01-27T08:32:46+00:00January 27th, 2021|