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Wingara Ag Ltd. ( (AU:WNR) ) has issued an update.
Wingara AG Limited has announced a management realignment following shareholder approval to sell its machinery assets in JC Tanloden, a move that aligns with its smaller business model. Marcello Diamante will transition to a part-time Executive Director role to oversee the asset sale and focus on merger and acquisition opportunities, while Joe Rinarelli will continue as CFO and Company Secretary. This strategic shift aims to reduce operational costs and concentrate on new market opportunities, potentially impacting the company’s operational focus and stakeholder interests.
More about Wingara Ag Ltd.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.05M
Find detailed analytics on WNR stock on TipRanks’ Stock Analysis page.