Leaf Resources Limited (AU:FGH) has released an update.
Foresta Group Holdings Limited has scrapped its deteriorated chemical extraction equipment in New Zealand, citing safety risks and financial liabilities, including an impairment of approximately AUD $4.8 million. The decision comes as the company prioritizes safety and financial prudence, with plans to acquire new equipment subject to funding. This move is part of Foresta’s ongoing efforts to position itself as a leading supplier in the natural and renewable pine chemical industry.
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