Business
Bubs in $38m capital raising for uncertain times – The Australian Financial Review
The infant formula group says disappearing daigou traders are crimping business as it eyes Malaysia and the Middle East as new markets.
The COVID-19 world has brought nationalism to the fore and a renewed focus on supply chains. The barriers to entry generally in China are on the rise, she said.
Bubs on Monday said its net loss narrowed to $8 million in the year ended June 30 from the year-earlier $36 million loss.
The company also went into a trading halt pending the capital raising, with $28.3 million to come from a share placement and $10 million from a share purchase plan. The price was at a 12.6 per cent discount to the l…
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