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Australia's Fatfish Internet Group clarifies fundraising plans

Australia-based venture capital firm Fatfish Internet Group Ltd. clarified that it is not currently conducting any fundraising exercise.

The firm said May 14 that the board assesses the need for capital on an ongoing basis, and will update the market should it decide on any fundraising exercise.

Fatfish Internet Group said earlier the same day that it suspended the trading of its shares until the publication of an announcement or the start of trading on May 16.