ReTech raises $13.5m via ASX listing, proceeds to fund tech acquisitions

A security guard looks out from a window of the Australian Securities Exchange (ASX) with a board displaying stock prices behind him in Sydney, Australia, May 26, 2016. REUTERS/Steven Saphore

Shanghai-based edtech company ReTech will float on the Australian Stock Exchange (ASX) today in a bid to raise $13.5 million (A$17.8 million). It plans to use the capital to fund acquisitions in Australia and Japan aimed at beefing up its technology and intellectual property (IP) capabilities.

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