Sale of AMI equipment- promissory note receipt
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| Stock | Merchant House International Ltd (MHI.ASX) |
|---|---|
| Release Time | 5 Mar 2025, 3:28 p.m. |
| Price Sensitive | Yes |
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Merchant House sells AMI equipment, receives promissory note
Key Points
- Company sold AMI equipment for US$4 million
- Received US$1 million on signing, remaining US$3 million as promissory note
- First tranche of US$1 million promissory note received
Full Summary
Merchant House International Ltd has announced the sale of equipment at its AMI factory in the USA for a total of US$4 million. The terms of the sale include US$1 million received on signing, and the remaining US$3 million to be paid via a promissory note. The company has now received the first tranche of the promissory note, comprising US$1 million. This announcement was authorized for issue by the Board of the Company.
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