Computronics raises $1.5m for restructuring

Technology company Computronics Holdings Ltd has announced plans to pursue international growth opportunities in the agriculture and electronic signage sectors after completing a $1.5 million capital raising.

The company, which emerged from administration in October 2007, placed six million shares at 25 cents each, primarily for the review and development of the existing business and for working capital.

The company said it planned to pursue the development of its existing businesses in global markets, which would insulate it from cyclical trends.

"We have had a team operating in WA for the last two months conducting a thorough analysis of the existing business divisions," it said in a statement.

"We have made tremendous pogress in identifying the strategic opportunities for growth in both divisions.

"Our analysis of our business divisions has identified several exciting opportunities to enter internatuonal markets by synergystic acquisitions."