middle.news
Merchant House Sells AMI Equipment at $9M Loss, Eyes Land Sale Next
2:10pm on Monday 10th of February, 2025 AEDT
•
Manufacturing
Read Story
Merchant House Sells AMI Equipment at $9M Loss, Eyes Land Sale Next
2:10pm on Monday 10th of February, 2025 AEDT
Key Points
AMI textile factory equipment sold for US$4 million
Sale results in A$9.02 million loss against book value
US$1 million received upfront, US$3 million via promissory notes
No director conflicts with buyers United Textile Machinery Corp and Gibbs International Inc
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
MHI
OPEN ARTICLE