Brief: Mcgrath Announces Expansion Of Oxygen Home Loans Business

Mcgrath

06/04/2021 07:51

April 6 (Reuters) - Mcgrath Ltd  MEA.AX :
    * EXPANDS OXYGEN HOME LOANS BUSINESS
    * OXYGEN RAISED ADDITIONAL INVESTMENT CAPITAL INTO HOME LOAN
BUSINESS THROUGH A $2.5 MILLION CASH INJECTION
    * CO REDUCING ITS INTEREST IN OXYGEN TO A 45% SHAREHOLDING
VIA
CAPITAL INJECTION INTO OXYGEN
    * NEW FUNDING WILL BE UTILISED TO GROW RESOURCES, ACCELERATE
DIGITISATION TO CREATE BROADER PRODUCT OFFERING FOR OXYGEN
    * MEA WILL RETAIN ONE OF THREE BOARD SEATS IN OXYGEN

Source text https://www.asx.com.au/asxpdf/20210406/pdf/44v9k9c7r7yn0l.pdf
Further company coverage:  MEA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))