A$15m Strategic Placement to H&H Holdings
On 29 May 2013, VDM Group Limited announced a A$15m million placement to H&H Holdings, an entity controlled by Dr Dongyi Hua (the former Executive Chairman and CEO of Citic Pacific Mining).
The purpose of the Placement was to:
- Increase the financial capacity of VDM to bid and execute construction projects; and
- Enhance VDM’s existing strategy of exploring new opportunities in the mining and constructions sectors
VDM is a mid-sized and engineering, design and construction business operating a national business with a focus on mining and civil projects.
Azure Capital acted as financial adviser to VDM.