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Why Is Multistack Discontinuing Its Core Business After Asset Sale?

3:01pm on Friday 25th of July, 2025 AEST Industrial Machinery
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Why Is Multistack Discontinuing Its Core Business After Asset Sale?

3:01pm on Friday 25th of July, 2025 AEST
Key Points
  • No chiller sales recorded in Q2 2025; revenue from spare parts only
  • Super Link Company Limited exercised option to acquire Verdicorp assets
  • Loan of AUD 3.55 million fully settled through asset sale
  • Board decides to discontinue current business due to ongoing losses
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