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TasFoods Limited ( (AU:TFL) ) has provided an update.
TasFoods Limited has signed a Business Sale Agreement to sell its Pyengana Dairy business to Research Corporation Pty Ltd and Associates, including AgFood Opportunities Fund, for $2 million. The sale aims to reduce debt and strengthen TasFoods’ poultry supply chain, while allowing Pyengana Dairy to scale up under new ownership. The transaction requires shareholder approval and is expected to settle by early November 2025. TasFoods will continue managing Pyengana Dairy under a services agreement to ensure operational continuity and growth.
More about TasFoods Limited
TasFoods Limited operates in the food industry, focusing on premium and artisan products. The company is involved in the production and distribution of dairy and poultry products, with a strategic emphasis on expanding its market reach both nationally and internationally.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.62M
For detailed information about TFL stock, go to TipRanks’ Stock Analysis page.