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Multistack International Limited ( (AU:MSI) ) has issued an update.
Multistack International Limited has reached a settlement with Danfoss, resolving a dispute involving rights and support under previous agreements. The settlement includes a cash payment to Multistack, product credits, and new service agreements, enhancing Multistack’s market position as an approved service provider for Danfoss products in multiple territories. This agreement is poised to positively impact Multistack’s financial operations, potentially aiding in the resolution of existing loans and strengthening its service capabilities across key regions.
More about Multistack International Limited
Multistack International Limited operates in the technology and engineering industry, focusing on acquiring assets and contractual rights for technological advancements. The company has engaged in agreements for product support and services, particularly in the HVAC sector, with a regional focus across Asia and the Middle East.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$681.5K
See more insights into MSI stock on TipRanks’ Stock Analysis page.