Photo / SuppliedShares in Auckland-based chemicals and dangerous goods company DGL listed on the ASX at A95c ($1.02). The shares also listed on the NZX, where no trades had been recorded by 1pm. DGL said the IPO provided additional capital for the company to pursue growth opportunities, including strategic mergers and acquisitions, as well as investing in assets, plant and equipment. It would also cover deferred consideration for its acquisition late last year of Chem Pack, a Melbourne company that formulates and packs chemicals, predominantly for agriculture. The offer documents said DGL is a well-established specialty chemicals and dangerous goods business offering solutions from manufacturing to recycling.

Source: New Zealand Herald May 24, 2021 01:07 UTC