Move Logistics Group Limited (AU:MOV) has released an update.
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MOVE Logistics Group Limited is close to finalizing new funding arrangements, including extending its existing facility with ANZ Bank New Zealand and securing additional funds through Pacific Invoice Finance. These strategic financial moves, intended to strengthen the company’s capital and working liquidity, come as the directors recognize current economic challenges while implementing a significant change program with the help of external advisors. The company remains confident in meeting future obligations and managing liquidity effectively, thanks to the support of its financial partners and careful working capital management.
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