Australia's Redflow falls on discounted placement
21/09/2023 03:40
** Shares of Redflow RFX.AX down 12.1% at A$0.255, set for
worst day since June 15, if current losses hold
** Energy solutions provider says it has received firm
commitments to raise an additional A$6.75 mln ($4.33 mln) via
placement
** Issue price of A$0.21 per share represents a discount of
27.6% to stock's last closing price
** Stock up ~35% YTD, as of last close
($1 = 1.5596 Australian dollars)
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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