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Range International Limited ( (AU:RAN) ) has shared an announcement.
Range International Limited has successfully raised A$1.57 million through a two-tranche placement, issuing 788,823,500 new shares at A$0.002 each. This funding will support the company’s growth initiatives, including expanding into the Indonesian pallet rental market and establishing production in the Philippines. The appointment of Mark Skipper as a Non-Executive Director is expected to enhance the company’s strategic positioning and relationships in the logistics industry.
More about Range International Limited
Range International Limited is a manufacturer specializing in the production of Re>Pal™ ‘zero-waste’, recycled plastic pallets. The company focuses on expanding its market reach, particularly in the Indonesian pallet rental market and the Philippines for pallet production.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.29M
For an in-depth examination of RAN stock, go to TipRanks’ Overview page.