QWI acquires new investments

Listed company QWI Investments says since it received the proceeds from its Initial Public Offering (IPO) last month it has reduced its borrowings and acquired new investments both locally and overseas. 

It says it will continue to acquire assets in overseas markets and become more diversified both geographically and by sector.
The IPO in August, was oversubscribed and raised, after upsizing, $1.2 billion.
In a report released Thursday, QWI's Directors said at the end of September the company had a surplus of $343 million.
During the July to September quarter it recorded a profit before tax of $229 million.

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