LNG producer’s share falls after accelerated book build announcement
Renergen’s share price dropped almost 4% on news it was launching an accelerated book build to raise money for phase two of its liquid gas and helium production.
Its share was down 3.93% to R24.67 in midmorning trade. It is placing 4.6-million new shares about 3.2% in an accelerated book build to raise money for exploration on Friday. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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