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An announcement from Pro-Pac Packaging Limited ( (AU:PPG) ) is now available.
Pro-Pac Packaging Limited is undergoing a strategic review involving asset sales and actions to restore profitability, with assistance from Flagstaff, Lewis Advisory, and Leaders on Demand. The company is negotiating with several bidders to improve its liquidity position, supported by an additional loan facility from its major shareholder, Bennamon Pty Ltd. The company’s shares are expected to be suspended by the ASX until financial disclosures are finalized.
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 in sectors such as industrial, food and beverage, health, agriculture, and manufacturing.
Average Trading Volume: 66,840
Technical Sentiment Signal: Sell
Current Market Cap: A$3.27M
For an in-depth examination of PPG stock, go to TipRanks’ Overview page.