Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Merchant House International Limited ( (AU:MHI) ).
Merchant House International Limited has completed the sale of its American Merchant Inc (AMI) textile factory and land for net proceeds of US$8,021,358, resulting in a profit of approximately A$3,461,884. Additionally, a condominium was sold for A$150,641, realizing a profit of A$75,974, marking the conclusion of all AMI asset sales.
More about Merchant House International Limited
Merchant House International Limited operates in the textile industry, focusing on the production and sale of textile products through its subsidiary, American Merchant Inc (AMI).
Technical Sentiment Signal: Buy
Current Market Cap: A$14.14M
Learn more about MHI stock on TipRanks’ Stock Analysis page.