Brief: Hancock & Gore To Acquire An Additional 40% Interest In Mountcastle

Schoolblazer

04/09/2023 03:11

Sept 4 (Reuters) - Hancock & Gore Ltd  HNG.AX :
    * TO ACQUIRE AN ADDITIONAL 40% INTEREST IN MOUNTCASTLE
    * DEAL FOR A CASH COMPONENT OF A$5.0 MILLION UPON COMPLETION
    * AIMING TO COMPLETE ACQUISITION BY 1 NOVEMBER 2023
    * H&G WILL FUND ACQUISITION USING ITS EXISTING CASH ON
BALANCE
SHEET
    * ACQUISITION WIL CONTRIBUTE TO CASH PROFIT GROWTH AND
FUTURE
DIVIDENDS

Source text for Eikon:  ID:nASX30gQ6n 
Further company coverage:  HNG.AX 

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