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VB Holdings Increases Shares On Stock Market

VB Holdings Increases Shares On Stock Market
December 31
08:44 2014

VB Holdings Limited (VBH) has quoted an additional 356,269 ordinary shares on the South Pacific Stock Exchange Limited (SPSE) yesterday, 30th December 2014.

This was after successfully completing a Rights Issue to the existing shareholders. A total of 2,137,403 VB Holdings ordinary shares are now quoted on the SPSE main board.

VBH first listed on the South Pacific Stock Exchange on November 1, 2001.

The company’s main operations are property investment and vehicle fleet management services.

VBH has once again used the stock market to successfully raise $997,553.

The funds raised will be used by the company to expand its fleet management services and

complement the company’s new $10 million debt facility with Westpac.

VBH’s current market price is $3.16. Its price earnings ratio now stands at 11.08 times. The market capitalisation of the company has increased from $5.6 million to $6.8 million.

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