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Merchant House Narrows Loss, Sells Assets, Plans ASX Delisting
1:15am on Monday 2nd of June, 2025 AEST
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Manufacturing
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Merchant House Narrows Loss, Sells Assets, Plans ASX Delisting
1:15am on Monday 2nd of June, 2025 AEST
Key Points
Net loss reduced by 37.9% to $4.59 million
Sale of 33.79% stake in Tianjin Tianxing for approx. A$8.3 million
American Merchant Inc. ceased operations; equipment sold for US$4 million
Group remains solvent with $15 million cash reserves
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