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Multistack International Limited ( (AU:MSI) ) has issued an announcement.
Multistack International Limited has announced that Super Link Company Limited will acquire all its assets and liabilities due to the company’s ongoing losses and inability to raise necessary capital. This acquisition will involve Super Link forgiving existing loans to MSI, and MSI will seek new business opportunities while continuing to meet its statutory obligations and operate as a going concern until the transaction is completed.
More about Multistack International Limited
Multistack International Limited operates primarily in the industrial air conditioning sector, focusing on the marketing and distribution of air conditioning equipment, water chillers, Organic Rankine Cycle technologies, and heat exchangers, primarily in Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$681.5K
See more insights into MSI stock on TipRanks’ Stock Analysis page.