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An announcement from OM Holdings Ltd. ( (AU:OMH) ) is now available.
OM Holdings Limited announced the termination of its previous agreement to sell a 90% equity interest in OM Materials (Qinzhou) Co Ltd to Beijing Kunpeng Hongsheng Metal Co., Ltd due to unmet conditions by the buyer. Subsequently, OM Holdings has entered into a new agreement with Shaanxi Sinian Metal & Mining Co., Ltd to sell a 60% equity interest in the same subsidiary for approximately USD 16.7 million. This transaction is expected to close by the end of 2025, with proceeds supporting OM Holdings’ working capital needs.
The most recent analyst rating on (AU:OMH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on OM Holdings Ltd. stock, see the AU:OMH Stock Forecast page.
More about OM Holdings Ltd.
OM Holdings Limited is a company incorporated in Bermuda with operations in Singapore and Malaysia. It operates primarily in the materials industry, focusing on the production and sale of manganese ore and related products.
Average Trading Volume: 136,085
Technical Sentiment Signal: Sell
Current Market Cap: A$206.4M
See more data about OMH stock on TipRanks’ Stock Analysis page.