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The latest announcement is out from Metro Performance Glass Ltd ( (AU:MPP) ).
Metro Performance Glass Ltd has announced agreements for a capital raise and a new loan facility, involving a minimum $15 million equity capital raise through a rights issue and placement to new investors, including Amari Metals Australia Pty Ltd. This strategic move is expected to enhance Metro’s business performance and shareholder returns, with Amari becoming a major shareholder and bringing experienced leadership to the board, thereby strengthening Metro’s market position and operational capabilities.
More about Metro Performance Glass Ltd
Metro Performance Glass Ltd operates in the glass industry, providing high-quality glass products and services. The company focuses on delivering timely and excellent service, aiming to strengthen its market position and organizational capabilities.
Average Trading Volume: 37,742
Technical Sentiment Signal: Sell
Current Market Cap: A$8.61M
For detailed information about MPP stock, go to TipRanks’ Stock Analysis page.