General Capital Announces Successful Completion of Capital Raise with Ascentro Capital Partners

AUCKLAND, New Zealand - April 6, 2023 - PRLog -- General Capital, a financial services company listed on NZX, is pleased to announce the completion of its approved capital raise. This successful placement has increased the group's equity by over 50%, which is a significant milestone for General Capital.

"We have worked diligently to build our businesses, and this step signifies another significant move for us in terms of both capital and personnel," said Mr. Bugo, General Capital's Marketing Manager. "I am pleased with the progress we have made and am sure we can grow at an even faster rate with the additional resources we obtained today. The additional capital and the new Directors will be of significant value to us."

Brent King, General Capital's Managing Director, commented that the additional funds will provide the company with more options, allowing us to take advantage of opportunities as they arise. "We have had a very positive year, and we are seeing strong growth in lending demand," he said. "The market is starting to see some pressures appear, and we want to be ready, willing, and able to consider whether they are a good fit for us. In the meantime, we will continue our strong growth and continue building our business. I want to thank Michael Johns as the Managing Director of Ascentro Capital Partners, New Zealand Private Equity Firm, and Megan and Anton as our new Directors for the way they have handled the transaction and to say how much I am looking forward to working with them."

The successful completion of this capital raise marks a significant achievement for General Capital, providing the company with a strong foundation to continue its growth trajectory. The company looks forward to exploring new opportunities and achieving even greater success in the future.

https://www.ascentro.co.nz