General Capital, a leading financial services company listed on the New Zealand Stock Exchange (NZX), is thrilled to announce the successful completion of its approved capital raise. This placement has increased the company's equity by over 50%, a significant milestone for General Capital.

"We have put in a lot of hard work to build our businesses, and this step marks another significant move for us in terms of both capital and personnel," said Mr. Bugo, "We are delighted with the progress we have made and are confident that we can accelerate our growth with the additional resources we have obtained today. The additional capital and the new Directors will be of significant value to us."

Brent King, General Capital's Managing Director, expressed his enthusiasm, stating that the additional funds will provide the company with more options, enabling it to take advantage of opportunities as they emerge. "We have had a very positive year, and we are seeing strong growth in lending demand," he said. "As the market experiences some pressures, we want to be ready, willing, and able to assess whether they are a good fit for us. In the meantime, we will continue our strong growth and keep building our business. I want to express my gratitude to 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 I am looking forward to working with them."

The successful completion of this capital raise represents a significant achievement for General Capital, providing the company with a robust foundation to continue its growth trajectory. The company is excited to explore new opportunities and achieve even greater success in the future.

https://www.ascentro.co.nz