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The latest announcement is out from Merchant House International Limited ( (AU:MHI) ).
Merchant House International Limited has announced the successful receipt of the first tranche of a promissory note related to the sale of equipment at its AMI factory in the USA. The company had previously agreed to a payment structure totaling US$4 million, with US$1 million received upfront and the remaining US$3 million to be paid in installments. This development marks a significant step in the company’s financial transactions, potentially impacting its cash flow and operational strategy.
More about Merchant House International Limited
Average Trading Volume: 93,386
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$14.14M
For an in-depth examination of MHI stock, go to TipRanks’ Stock Analysis page.