The new money will fund expansion into new markets and development of new products.
Asia theme park ticketing specialist Galasys(LON:GLS) kicked off its life on AIM today after raising £3.1mln through a placing at 22.5p.
Shares rose to 24.5p in early dealings, valuing the software group at just over £16mln.
The new money will fund expansion into new markets, development of new products and services and working capital.Sean Seah, executive, said he was delighted with the response to the placing.“I believe that, given the rising affluence and economic growth in Asia, we are well placed to capitalise on our current leading market position in the key lifestyle segment of amusement and theme parks in Asia.”
(Source: http://www.proactiveinvestors.co.uk/companies/news/68427/galasys-makes-steady-start-to-life-on-aim-68427.html, 12 May 2014)
