02/11/2006
Loss-making Accsys Technologies has raised £6.5 million to develop its engineered wood products business.
AIM-quote Accsys, known for its wood hardening and preservation process and other technologies, raised the money through broker Collins Stewart at nearly £1 a share and says the placing was oversubscribed. The company, which lost £5 million in the year to March, has hitherto focused on its solid wood product, Accoya, 'completely non-toxic and made from exclusively from sustainably forested wood'.
Executive chairman Willy Paterson-Brown says Accoya has received 'a fantastic reception from our target market'. As a result, he claims Accsys continues to attract 'an enviable list of blue-chip investors'.
At £1, down from this year's peak of 156p, Accsys shares value the company at £203 million.
Related Articles:
|
| 03/11/2008
|
| 02/06/2008
|
| 12/05/2008
|
| 30/04/2008
|
| 16/04/2008
|
People who read this article also read ...
|
| 03/11/2006
|
| 03/11/2006
|
| 03/11/2006
|
| 25/10/2006
|
| 22/03/2006
|
Commercial Mortgage Quote
We present absolutely free financial information and a superior financial search system.
Looking for Commercial Mortgage Quote
We have reviewed and sorted 405 odd links for commercial mortgage quote - the top 10 list is presented here.
Commercial Mortgage Quote
Looking for Commercial Mortgage Quote? Search over 15,000 sites with one click. Your source for everything under the sun.
