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Why Is Multistack International Abandoning Its Core Business Now?
11:52am on Friday 17th of October, 2025 AEDT
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Why Is Multistack International Abandoning Its Core Business Now?
11:52am on Friday 17th of October, 2025 AEDT
Key Points
No chiller sales recorded in Q3 2025, only spare parts revenue
Board decides to discontinue business in current form due to ongoing losses
Plans to dispose of shares in Multistack Australia subject to approvals
Cash position at $1.33 million with quarterly operating expenses of $220,605
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Multistack International (ASX:MSI)
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