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MPower Group Limited ( (AU:MPR) ) has shared an announcement.
MPower Group Limited has entered into a binding Business Sale Agreement with Wollemi Energy Group Pty Limited to sell substantially all of its assets for approximately $19 million. This strategic move allows MPower to leverage its capabilities and deliver strategic benefits, while ensuring all employees are offered positions with the buyer. The sale is expected to enable MPower to repay all liabilities and retain surplus cash, although the estimated surplus cash has slightly decreased due to delays and additional costs.
More about MPower Group Limited
MPower Group Limited operates in the renewable energy sector, focusing on renewable energy platforms, solar and storage projects, and a pipeline of project opportunities. The company also provides related services and has a market focus on climate-focused investments.
Average Trading Volume: 121,388
Technical Sentiment Signal: Sell
Current Market Cap: A$2.41M
For an in-depth examination of MPR stock, go to TipRanks’ Overview page.