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Multistack International Limited (ASX:MSI)

ALERT: Price-sensitive ASX Announcement for MSI
Current share price for MSI : $0.003 -0.001 (-25%)+
Announcement
Release
17 Apr 2026 10:01AM
Price at Release
$0.004
Full Release
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Summary
Multistack International Limited (MSI) has entered into a binding Asset Sale Deed with Willing Y Ltd (WYL), an entity based in Hong Kong focusing on the export of air conditioning components. Under this agreement, MSI will sell all its assets, including its wholly-owned subsidiary, Multistack Australia Pty Ltd, except for certain excluded assets. WYL will assume substantially all liabilities of MSI, again with some exclusions. This transaction aims to leave MSI as a listed entity with limited net assets, mainly cash retained to meet ongoing statutory and compliance obligations, while exploring new business opportunities. The completion of this transaction is subject to the satisfaction of several conditions, including MSI shareholder approval, the receipt of an independent expert's report, and regulatory clearance from both the Foreign Investment Review Board and the Australian Competition and Consumer Commission. The anticipated completion date for this transaction is 30 June 2026, pending these conditions.
Key Points
  • MSI entered into a binding Asset Sale Deed with Willing Y Ltd.
  • MSI will sell nearly all assets, including Multistack Australia Pty Ltd.
  • Willing Y Ltd will assume most liabilities of MSI.
  • The transaction will leave MSI with limited net assets, mainly cash.
  • Completion is subject to shareholder approval and regulatory clearance.
  • Anticipated completion date is 30 June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.