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An announcement from Magontec Limited ( (AU:MGL) ) is now available.
Magontec Limited announced the cessation of Xing Cai Li as a director effective from February 5, 2025. This development signifies a change in the company’s board composition, which may impact its strategic direction and governance, although the director held no securities or relevant interests within the company at the time of departure.
More about Magontec Limited
Magontec Limited operates in the manufacturing industry, focusing on the production and supply of magnesium alloys and cathodic corrosion protection products. The company aims to serve various market segments that require specialized metal solutions, particularly in the automotive and water heater industries.
YTD Price Performance: 11.11%
Average Trading Volume: 10,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.93M
For a thorough assessment of MGL stock, go to TipRanks’ Stock Analysis page.