IkeGPS is seeking to raise funds for more acquisitions. Photo / FileIkeGPS is seeking to raise funds for more acquisitions. Photo / FileDual-listed measurement solutions company IkeGPS Group (IKE) is seeking to raise A$18.3 million ($19.2m) through a share placement to position itself for future acquisitions. On completion of the placement, IKE expects to offer a share purchase plan to all eligible shareholders under which it would seek to raise A$3m. IkeGPS has gone into a trading halt while the capital raise takes place.

Source: New Zealand Herald August 09, 2021 03:00 UTC