Shaw and Partners appointed as Joint-Lead Manager of the upcoming Midway Limited Placement News17 Sep 2018

Shaw and Partners has been appointed as Joint-Lead Manager of the upcoming Midway Limited Placement.

 

Midway is seeking to raise up to A$37.7 million through a non-underwritten institutional placement of up to 11.2 million shares to raise A$33.7 million and a non-underwritten share purchase plan to be capped at A$4.0 million.

 

Established in 1980, Midway Limited (ASX: MWY) is a leading Australian forestry company primarily involved management of plantation forests, and production and export of high quality woodfibre to producers of pulp, paper and associated products in the Asian region. Midway has grown to become Australia’s largest processor and exporter of woodfibre and has majority shareholdings in South West Fibre Pty Ltd based in the Green Triangle, and Queensland Commodity Exports based in Brisbane.

 

SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY

 

For more information, contact your Shaw and Partners Adviser.

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