ASTI Holdings completes $3.2m share placement
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ASTI Holdings Limited has completed a share placement of 128 million new ordinary shares at $0.025 each, raising $3.2 million. The proceeds will be allocated as follows: 60% for business expansion, 30% for research and development, and 10% for working capital. The new shares represent approximately 19.55% of the existing share capital and 16.35% of the enlarged share capital, excluding treasury shares.
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