Mitsui has been an investor since it co-led Campana’s $US40 million ($60 million) Series B equity raise in 2018.
Already a subscriber?Singapore-headquartered Campana Group, backed by Japanese trading and investment house Mitsui, is getting cosy with a little-known ASX-listed tiddler as it set its sights on a $400 million reverse takeover on the local bourse.Street Talk can reveal Campana will leverage its relationship with local cloud computing services outfit, Nexion Group, and seek to use Nexion as a vehicle to list on the ASX via a so-called “backdoor listing”.
It is early days in the process and a roadshow is not expected to get under way until the end of July, sources said. It will be interesting to see how much of Campana’s existing register – including Mitsui and Singapore private equity firm Tello Capital – are happy to sell down, given new ASX listings require a minimum 20 per cent free float.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to instantly claim an extra $400 if you have private healthWould an instant extra $400 help right now? Because if you have private health, that may be on offer.
Read more »
How to instantly claim an extra $400 if you have private healthWould an instant extra $400 help right now? Because if you have private health, that may be on offer.
Read more »
How to instantly claim an extra $400 if you have private healthWould an instant extra $400 help right now? Because if you have private health, that may be on offer.
Read more »
ASX 200 LIVE: ASX to slip, Nvidia takes market-cap crownAustralian shares are set to open modestly lower. Nvidia extended its rally, surpassing Microsoft. Traders fade RBA rate bets. Follow updates here.
Read more »
ASX 200 LIVE: ASX to rise, Reserve Bank decision awaitedShares are set to open higher; S&P 500 resets record close for 30th time in 2024; Reserve Bank cash rate decision at 2:30pm AEST. Follow here for more updates.
Read more »
ASX 200 LIVE: ASX to slip, Bank of England policy meeting in focusAustralian shares are set for a weak open. Nvidia expected to help extend S&P 500 rally. NZ will release GDP data at 8.45am. Follow updates here.
Read more »