South Africa: Ascendis raises ZAR101.5m to build in medical devices and consumer health, pay down debt

Healthcare group Ascendis Health has raised ZAR101.5m (US$6m) in a rights offer to capitalise on growth opportunities in its medical devices and consumer health businesses, and to pay down debt. Ascendis issued 143 million new shares at an undiscounted offer price of 71 cents per share. The rights offer is being fully underwritten by Calibre…

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