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Maggie Beer Holdings Ltd. ( (AU:MBH) ) has shared an update.
Maggie Beer Holdings Ltd has announced the sale of its subsidiary, Paris Creek Farms, to Katoomba Global Foods Pty Ltd for $500,000. This strategic divestment aligns with the company’s goal to simplify its operations and focus on core premium brands, resulting in annual cashflow savings of approximately $2.2 million and maintaining local production and brand presence.
More about Maggie Beer Holdings Ltd.
Maggie Beer Holdings Ltd is a company operating in the food industry, focusing on premium brands. It is based in South Australia and is known for its high-quality food products, with a market focus on strengthening core premium brands.
Average Trading Volume: 203,692
Technical Sentiment Signal: Sell
Current Market Cap: A$20.19M
Find detailed analytics on MBH stock on TipRanks’ Stock Analysis page.