Latest MHI News

Merchant House International has completed the sale of its American Merchant, Inc. assets, generating significant profits and setting the stage for winding up operations and voluntary delisting from the ASX.

Merchant House International has completed the sale of its American Merchant Inc textile factory and related assets, securing a substantial profit and concluding its divestment strategy.

Merchant House International Limited reported a 38% reduction in net loss for FY2025, driven by asset sales and operational wind-down. The company is moving towards divesting remaining assets, delisting from ASX, and winding up.

Merchant House International Limited has sold equipment from its shuttered American Merchant Inc textile factory for US$4 million, crystallising a significant A$9.02 million loss. The company continues to seek buyers for the remaining land and buildings.

Merchant House International Limited has voluntarily suspended trading on the ASX following the resignation of its only Australian director, Ian Burton. The suspension is expected to last until a new Australian director is appointed, anticipated by late February.

Merchant House International Limited reports the completion of its Tianjin asset sale and the cessation of AMI operations, signaling a strategic wind-up and delisting plan.