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Merchant House International Finalises Tianjin Sale, Plans ASX Delisting
12:10pm on Friday 24th of January, 2025 AEDT
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Consumer Goods
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Merchant House International Finalises Tianjin Sale, Plans ASX Delisting
12:10pm on Friday 24th of January, 2025 AEDT
Key Points
Sale of 33.79% interest in Tianjin Tianxing Kesheng Leather Products completed
AMI home textiles operations ceased with assets pending sale
Company remains solvent with A$1.78 million cash reserves
Plans underway for asset divestment, shareholder distribution, and voluntary ASX delisting
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