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Health and Plant Protein Group Limited ( (AU:HPP) ) has shared an announcement.
Health and Plant Protein Group Limited announced the receipt of a US$3.38 million tax refund from the IRS, following the sale of its US-based holding company, HPP America, Inc. The company plans to return a portion of surplus net assets to shareholders and explore value-add opportunities through acquisitions or strategic combinations. The Board is reviewing corporate opportunities and aims to update the market by the end of the financial year.
More about Health and Plant Protein Group Limited
Health and Plant Protein Group Limited operates in the health and plant-based protein industry, focusing on the production and distribution of plant-based protein products. The company is involved in strategic market activities, including acquisitions and equity investments, to enhance its market positioning.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.16M
Learn more about HPP stock on TipRanks’ Stock Analysis page.