Trans-Tasman dairy company, a2 Milk, has completed its $NZ40 million ($36.6 million) capital raising launched on Thursday, with the new shares set to hit the boards next week.
The offer was oversubscribed and will add an extra 58.8 million shares to the dairy company's register, priced at NZ68 cents each.
A2 will also tap investors for an extra $NZ3 million through a share purchase plan. The capital raising will help the company deepen its expansion across China, the US and Britain, after sales of its Platinum infant formula brand surged higher than expected and are on track to triple from last year.
To read the rest of the story, please go to: Sydney Morning Herald