Webjet’s $25 million placement has been completed.

Webjet Limited has recommenced market trading, following the completion of the $25 million capital raising placement, established to fund the acquisition of online travel agency Zuji.

Webjet announced plans to buy out Zuji in Australia, Hong Kong and Singapore earlier this week.

The purchase is still subject to regulatory approvals and will be completed in the first quarter of next year.

Full settlement of the placement will occur on 19 December and the equally-ranked new shares will begin trading on 20 December 2012.

 “The placement was well over-subscribed with strong support from existing shareholders and new investors,” Webjet managing director John Guscic said.