Wingara Ag Ltd. ( (AU:WNR) ) has provided an announcement.
Wingara AG Limited has entered into an exclusive agreement with Terra Firma Equity Limited to explore business acquisition opportunities in the meat industry. Terra Firma will provide $750,000 in funding to support Wingara’s due diligence and transaction costs, with plans for Terra Firma to acquire businesses and sell them to Wingara. This initiative may require Wingara to seek a recompliance listing, resulting in a temporary suspension of its shares on the ASX. The funding will also see Terra Firma’s representative, Nicholas Kapes, join Wingara’s board to oversee the process.
More about Wingara Ag Ltd.
Wingara AG Limited operates in the agricultural sector, focusing on opportunities within the meat industry. The company is involved in acquiring specific businesses through equity-funded transactions, aiming to enhance its market position.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.23M
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