Century Australia Investments Limited (ASX: CYA) announces it has already exceeded the $16 million minimum listing requirement in its $75 million capital raising.

Wilson Asset Management Chairman Geoff Wilson said the early demand was driven by the opportunity to invest in a listed investment company (LIC) managed by Wilson Asset Management at net tangible asset (NTA) backing.

“The offer of new shares gives new and existing investors in our listed investment companies, which now includes Century Australia, the opportunity to invest at NTA,” Mr Wilson said.

Read the full announcement here. View the prospectus and participate in the offer.