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Concrete|Construction|roofing
Concrete|Construction|roofing
concrete|construction|roofing

ABE joins the JSE, share placement 'significantly' oversubscribed

16th August 2007

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

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ABE Construction will list a million ordinary shares on the JSE’s alternative bourse, the AltX, on Friday, following the completion of its private placement, the company said on Thursday.

ABE, involved in waterproofing, flooring, coatings, roofing and concrete repair, said in a statement that its private placement had been “significantly” oversubscribed.

Earlier this month, the company placed 37-million shares at a price of 200c a share with selected investors in a bid to raise R74-million.


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