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ACT medical products firm readies $25m public listing.
- Article from:
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Australasian Business Intelligence
- Article date:
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October 17, 2003
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Copyright informationCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 16, 2003 (The Canberra Times - ABIX via COMTEX)
ITL Corporation is set to become the fifth Canberra-based company to list on the Australian Stock Exchange. A public float to raise $A25m for the medical products manufacturer closed heavily over-subscribed, with institutional investors keen to take shares. The funding will be for the acquisition of a Melbourne company, Surgicare, which makes procedural kits for hospital operating theatres and holds a 35 per cent market share. The purchase provides ITL with an Australian market presence; currently, 99 per cent of its business is conducted in overseas markets. ...
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