J.W. Construction raises PLN 110 mln

Property developer J.W. Construction said on Thursday that it has completed a rights issue worth almost PLN 110 million. Investors purchased 34.79 million C-series shares out of the offered 40.55 million. The company said that the issue proceeds would be used to finance existing and planned property development projects. They will also improve the firm’s financial balance. J.W. Construction originally planned to raise PLN 125.9 million from the share issue.