JSE-listed construction group Aveng has successfully completed its rights offer, raising more than R300-million through the issue of about 20-billion shares at 1.5c apiece. The company says the shareholder participation rate of 92.61% in the rights offer exceeded expectations, raising total new capital of R392-million, comprising R277-million in terms of the rights offer shares taken up by shareholders and the additional balance taken up by underwriters.
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