Superloop’s continued Hong Kong and Singaporean network expansion will be partially funded through a one-for-seven share offering, in hopes of raising just over AU$35 million

AustraliaZDNet — Asia-Pacific fibre infrastructure company Superloop has announced that it is hoping to raise AU$35.3 million through a fully underwritten one-for-seven pro-rata accelerated entitlement offer of shares. Superloop is offering a total of 16,793,942 new shares at AU$2.10 per share, a 12.9 percent discount off the closing share price on June 16 prior to Superloop placing itself in a trading halt on Friday morning pending the announcement.

Superloop reports net loss of AU$4m

AustraliaZDNet — Asia-Pacific fibre infrastructure company Superloop has recorded a net loss of AU$3.98 million for the first half of the 2016 financial year on revenue of AU$1.94 million. Earnings before interest, tax, depreciation, and amortisation (EBITDA) was negative AU$3.51 million. Operating expenses amounted to AU$3.9 million, with AU$2 million of this arising from employee expenses and AU$1.1 million from professional services.

http://www.zdnet.com/article/superloop-reports-net-loss-of-au4m/