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The latest announcement is out from Metro Performance Glass Ltd ( (AU:MPP) ).
Metro Performance Glass Ltd has successfully completed a recapitalisation initiative, raising a total of $23.9 million through an oversubscribed rights offer and a top-up placement. This financial restructuring, which includes debt forgiveness and a new banking package, will significantly reduce the company’s bank debt, allowing it to focus on business performance and shareholder value growth amidst a challenging market environment.
More about Metro Performance Glass Ltd
Metro Performance Glass Ltd operates in the glass industry, providing high-performance glass products and solutions. The company focuses on delivering quality and service to its customers and stakeholders, with a market presence in New Zealand and Australia.
Average Trading Volume: 138,400
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$15.54M
See more insights into MPP stock on TipRanks’ Stock Analysis page.