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WinTech agrees to terms of $400k capital raising

WinTech agrees to terms of $400k capital raising

Consumer and computer technology distributor WinTech Group (ASX:WTG) has agreed to terms to a capital raising of $400,000 before costs.

The company will issue shares 80 million shares at $0.005 per share to professional and sophisticated investors, WinTech said.

The capital will be used to finance the review and due diligence of potential acquisitions, and the capital raising initiatives to fund these investments.

The funds will also be used to cover the cost of relisting on the ASX.

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Tags ASX:WTGcapital raisingWintech

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