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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