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An announcement from Merino & Co Limited ( (AU:MNC) ) is now available.
Merino & Co Limited successfully completed its IPO on the Australian Securities Exchange, raising $6.35 million to enhance production capabilities and expand globally. The company has secured a new facility in Wangara, Western Australia, nearly doubling its operational space, and invested in automation to nearly triple its manufacturing capacity. These advancements position Merino & Co to efficiently meet increased demand and explore new markets, including potential strategic partnerships in regions like China.
More about Merino & Co Limited
Merino & Co Limited is an Australian company specializing in premium Merino wool products. The company focuses on expanding its market reach globally and has recently increased its manufacturing capabilities to support this goal.
YTD Price Performance: -34.48%
Average Trading Volume: 147,588
For detailed information about MNC stock, go to TipRanks’ Stock Analysis page.