MHM Automation Limited (MHM) update regarding Wyma acquisition
MHM is pleased to announce that today it signed the sale and purchase agreement to acquire Wyma Engineering (NZ) Limited. The acquisition is still conditional.
We expect to be releasing the Notice of Meeting (NoM) on 3 April 2023, ahead of a shareholder meeting on 21 April 2023. The NoM will provide more details on the transaction for shareholders.
For further information contact
Richard Rookes, CEO
+64 (0) 21 414 016
Ian McGregor, CFO
+64 (0) 272 305078
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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