AUSTRALIA'S CHEMEQ ANNOUNCES CASH INJECTION FROM JAPAN'S MIZUHO

Australia-based veterinary drug producer Chemeq has announced that it has received an AUD60mn (US$45.51mn) investment stream from a UK-based financial securities unit of Japanese bank Mizuho.

The company indicated that it has agreed to issue 40,000 convertible bonds to Mizuho International worth roughly AUD40mn (US$30.36mn), with an additional AUD20mn (US$15.18mn) also to be made available in case of certain contingencies.