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Multistack International Limited ( (AU:MSI) ) has provided an update.
During the second quarter of 2025, Multistack International Limited did not record any chiller sales, only spare parts sales. The company settled a significant loan by transferring Verdicorp’s assets to Super Link Company Limited. The board decided to discontinue the current business model due to ongoing losses and the need for substantial capital, which the company cannot raise. Plans are underway for SuperLink to acquire all shares in Multistack Australia, subject to mutual agreement and shareholder approval.
More about Multistack International Limited
Multistack International Limited operates in the HVAC industry, focusing on the sale, marketing, and distribution of water-cooled and air-cooled water chillers.
Technical Sentiment Signal: Sell
Current Market Cap: A$681.5K
For a thorough assessment of MSI stock, go to TipRanks’ Stock Analysis page.