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Metro Performance Glass Ltd ( (AU:MPP) ) has shared an announcement.
Metro Performance Glass Limited has announced the opening of a renounceable rights offer to raise $8.9 million, allowing eligible shareholders to purchase new shares at NZ$0.03 each. This move aims to strengthen the company’s financial position and provide shareholders with an opportunity to increase their investment, potentially impacting Metro’s market presence and stakeholder value.
More about Metro Performance Glass Ltd
Metro Performance Glass Limited operates in the glass manufacturing industry, focusing on providing high-performance glass products. The company is known for its innovative solutions in glass processing and distribution, catering primarily to the construction and renovation sectors in New Zealand and Australia.
Average Trading Volume: 121,014
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.39M
For detailed information about MPP stock, go to TipRanks’ Stock Analysis page.