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NRW Holdings Limited ( (AU:NWH) ) has issued an announcement.
NRW Holdings Limited announced that its subsidiary, Golding, has been affected by the administration of OneSteel Manufacturing Pty Ltd, to which it provides mining services. Despite being owed $113.3 million, NRW has not recognized any earnings impact and continues operations under the direction of administrators. The company holds security that it believes is sufficient to recover outstanding amounts and is considering its options to protect shareholder interests.
More about NRW Holdings Limited
NRW Holdings Limited operates in the civil and mining services industry, providing a range of services through its subsidiary, Golding. The company focuses on delivering mining services and has been involved in projects such as the South West Gateway Alliance.
YTD Price Performance: -11.40%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €899.7M
See more data about NWH stock on TipRanks’ Stock Analysis page.