Brief: Merchant House International Announces Sale Of FIT Assets

Merchant House International

25/01/2024 08:12

Jan 25 (Reuters) - Merchant House International Ltd
 MHI.AX :
    * SALE OF FIT ASSETS
    * AGREEMENT ENTERED WITH STEEL WAREHOUSE OF TENNESSEE LLC
    * CONFIRMS OPS OF CO'S AMERICAN MERCHANT INC UNIT IS ITS
MAIN
UNDERTAKING 
    * AGREEMENT FOR DISPOSAL OF LAND AND BUILDING AT FIT
    * DISPOSAL FOR TOTAL CONSIDERATION OF US$2.4 MLN
    * EXPECTED PROFIT ON DISPOSAL OF US$1.965 MILLION

Source text for Eikon:  ID:nASXg0jJr 
Further company coverage:  MHI.AX 

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