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MPower Group Limited ( (AU:MPR) ) just unveiled an update.
MPR Australia Limited has completed the sale of its main business operations, including its renewable energy platform and the Lakeland Solar & Storage Project, for approximately $19 million. This transaction has allowed the company to repay its liabilities and retain surplus cash. Looking forward, MPR is exploring options such as returning capital to shareholders, acquiring a new business through a backdoor listing, or a combination of both. The company has reviewed several proposals for new business opportunities but has yet to finalize any transactions. Trading of MPR shares on the ASX is expected to be suspended on December 11, 2025, as the company continues to evaluate its strategic direction.
More about MPower Group Limited
MPR Australia Limited operates within the renewable energy sector, focusing on renewable energy platforms, solar and storage projects, and related services. The company is listed on the Australian Securities Exchange (ASX) and has been involved in various project opportunities within the renewable energy market.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.41M
Learn more about MPR stock on TipRanks’ Stock Analysis page.