Aveng to raise R300m through rights offer
Infrastructure and mining group will pay off debt and pursue growth opportunities
Infrastructure and mining group Aveng will raise R300m by way of a fully co- underwritten renounceable rights offer as it pursues growth opportunities, the company announced on Tuesday.
CEO Sean Flanagan said in November that Aveng was looking to cut down its debt. Aveng’s current liabilities exceeded its current assets at the end of its year to end-June by R900m...