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How Merchant House’s AMI Asset Sales Signal the End of an Era
9:19am on Thursday 24th of July, 2025 AEST
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Consumer Discretionary
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How Merchant House’s AMI Asset Sales Signal the End of an Era
9:19am on Thursday 24th of July, 2025 AEST
Key Points
AMI ceased operations in September 2024 after sustained losses
Sale of AMI equipment and property yielded over A$18 million
Profit of approximately A$3.5 million realised on land and buildings sale
Company plans to wind up subsidiaries and distribute residual funds to shareholders
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