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The latest update is out from Papyrus Australia Ltd ( (AU:PPY) ).
Papyrus Australia Ltd has accepted the termination of its corporate services engagement with L39 Capital Pty Ltd, with no financial obligations resulting from the termination. The company will now directly collaborate with Thanh Dung Co in Vietnam to advance a project focused on commercializing its technology for processing banana plantation waste into sustainable packaging products. This strategic move leverages Papyrus’ patented technology and TDC’s manufacturing capabilities, reinforcing the company’s commitment to sustainable innovation and its strategic direction in the Vietnamese market.
More about Papyrus Australia Ltd
Papyrus Australia Ltd is an innovative company providing sustainable solutions using its patented technology to process agricultural waste, particularly from banana plantations, into high-quality alternatives to wood-based, paper-based, and plastic-based products. The company’s process eliminates the need for harmful chemicals and produces a range of eco-friendly materials and packaging.
Average Trading Volume: 1,487,932
Technical Sentiment Signal: Sell
Current Market Cap: A$5.43M
For an in-depth examination of PPY stock, go to TipRanks’ Overview page.