QED Occtech raises $3.1m to support TSI expansion

QED Occtech raises $3.1m to support TSI expansion

Wastewater treatment company QED Occtech (ASX:QED) has arranged to raise $3.1 million in a share purchase plan to support the recently-acquired TSI's operations.

The company will issue 78.3 million shares at 4 cents a share to sophisticated and professional investors to help exploit future opportunities for TSI, it said.

TSI mainly deploys ATMs on behalf of major Indian banks, and also provides automated bill payment solutions for utility companies.

“We are delighted with the support received from investors for the TSI business model,” QED Occtech chairman Paul Boyatzis said.

QED Occtech shares are today trading unchanged at $0.020.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Paul BoyatzisASX:QEDQED Occtech

Show Comments