HLO 0.98% $2.03 helloworld travel limited

News: HLO Helloworld Ltd announces acquisition of 50% of MTA and Capital Raising

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    Oct 21 (Reuters) - Helloworld Ltd (HLO)

    • Acquisition of 50% of MTA and capital raising
    • Agreement to acquire 50.0% of Mobile Travel Holdings Pty Ltd and its subsidiaries (MTA) for cash consideration of $14.0 million
    • Approximately $30.0 million fully underwritten placement to institutional investors at a floor price of $4.25 per share
    • Placement to fund MTA acquisition and pay down existing HLO debt and costs
 
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