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Manhattan Corporation ( (AU:MHC) ) has issued an update.
Manhattan Corporation Limited has announced the issuance of 111,474,724 new ordinary shares at an issue price of $0.02 per share following a placement. This move is in accordance with section 708A(5)(e) of the Corporations Act 2001 and signifies the company’s compliance with relevant disclosure requirements. The issuance of these shares without disclosure to investors under Part 6D.2 of the Corporations Act suggests a strategic maneuver to enhance the company’s capital structure, potentially impacting its financial positioning and stakeholder interests.
More about Manhattan Corporation
YTD Price Performance: 36.84%
Average Trading Volume: 1,557,712
Technical Sentiment Signal: Sell
Current Market Cap: A$11.59M
For an in-depth examination of MHC stock, go to TipRanks’ Overview page.