Friday, September 17, 2021

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Bubs: Completes $30M first leg of capital raising

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Bubs: Completes $30M first leg of capital raising

  • Milk-formula king Bubs Australia (BUB) has completed a $30 million share placement
  • This is the first component of a capital also raising initiative that will see an additional $5M hit the bank in the near future
  • Last month alone saw Bubs ink major expansions in Vietnam and China that warranted the capital boosting
  • The boosted capital is much needed for the company as it has made several international expansions this quarter
  • According to Kristy, the Chinese toddler and infant nutritional market valued in the billions
  • Shares in Bubs today are valued at 99 cents each degrading 7.48 per cent since market open

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