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Pro-Pac Packaging Limited ( (AU:PPG) ) has issued an announcement.
Pro-Pac Packaging Limited has appointed McGrathNicol as voluntary administrators to stabilize its operations amid financial difficulties. The administrators are engaging with stakeholders to explore options for recapitalization or sale of the company’s business units, aiming to maintain employment and continue providing high-quality packaging solutions.
More about Pro-Pac Packaging Limited
Pro-Pac Packaging Limited is an innovative company specializing in Flexibles and Industrial Specialty Packaging with a diverse distribution and manufacturing network across Australia and New Zealand. Headquartered in Melbourne, the company provides bespoke packaging solutions to a wide range of clients, including those in the industrial, food and beverage, health, agriculture, and manufacturing sectors.
Average Trading Volume: 62,507
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.27M
For detailed information about PPG stock, go to TipRanks’ Stock Analysis page.