Beston Global Food Company Ltd (AU:BFC) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Beston Global Food Company Ltd has finalized the sale of its subsidiary, Provincial Food Group, for A$4.0 million to a Victorian-based consortium, which is expected to reduce the company’s debt. While facing challenging market conditions and record milk volumes, Beston is negotiating interests in its Dairy and Dairy Nutrition businesses and has secured a three-month debt facility extension. Shares will remain suspended until discussions on corporate actions and proposals are concluded.
For further insights into AU:BFC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue