FOS Capital: Acquires Hawko Lighting, launches placement

FOS Capital Acquires Hawko Lighting, launches placement

• FOS Capital’s (FOS) subsidiary FOS Lighting is acquiring Hawko Lighting Group for $1.3 million
• Hawko Lighting is based in Queensland and makes a variety of linear lighting which FOSCapital says will expand its market share and manufacturing capacity
• The company also plans to utilise its “significant” sales and distribution network in Australia and New Zealand to expand Hawko’s reach in Australia
• The acquisition will be funded via a $1.5 million placement which will include the issue of 7.5 million shares at 20 cents each to institutional and sophisticated investors
• FOS shares end the day 4.76 per cent in the red at 20 cents