
20 Aug 2021
Cenkos: Mercantile Ports & Logistics Ltd -- On track to generate accelerating revenues
Mercantile Ports and Logistics (MPL) has conditionally raised gross funds of £10.1m through an institutional placement and will be supported by the major shareholder, Hunch Ventures. Equity raised will be used to service new and existing contracts/business development and strengthen the balance sheet. In addition to the placing, Hunch Ventures has provided an unsecured loan facility of £4.4m. MPL's port is well positioned to benefit from the positive economic outlook in India due to its offering ....

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Cenkos: Mercantile Ports & Logistics Ltd -- On track to generate accelerating revenues
Mercantile Ports & Logistics Limited (MPL:LON) | 1.0 0 0.0% | Mkt Cap: 3.47m
- Published:
20 Aug 2021 -
Author:
Peter Renton -
Pages:
16 -
Mercantile Ports and Logistics (MPL) has conditionally raised gross funds of £10.1m through an institutional placement and will be supported by the major shareholder, Hunch Ventures. Equity raised will be used to service new and existing contracts/business development and strengthen the balance sheet. In addition to the placing, Hunch Ventures has provided an unsecured loan facility of £4.4m. MPL's port is well positioned to benefit from the positive economic outlook in India due to its offering ....