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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
22 Apr 2026 11:11AM
Price at Release
$0.004
Full Release
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Summary
Multistack International Limited (MSI) reported on its activities for the quarter ending March 2026, highlighting its primary business operations involving the sale, marketing, and distribution of water-cooled and air-cooled water chillers. During this period, MSI also announced a significant transaction involving a binding asset sale deed with Willing Y Limited. This agreement includes the sale of all MSI assets, including its wholly owned subsidiary, Multistack Australia Pty Ltd, with certain exclusions. The completion of this transaction is contingent upon specific conditions and is scheduled for June 30, 2026. MSI continues to operate as a going concern and complies with all reporting requirements. The company's financial state at the quarter's end showed cash and cash equivalents totaling $906,250, with an operating expenditure of $302,827. Additionally, MSI has an unsecured, non-interest-bearing facility amounting to $696,000 borrowed from ACR Equipment (HK) Ltd, a related party.
Key Points
  • Quarterly activities focused on chiller sales and distribution.
  • Binding asset sale deed with Willing Y Limited announced.
  • Sale includes all MSI assets except certain exclusions.
  • Completion set for June 30, 2026, subject to conditions.
  • Company's cash and cash equivalents stood at $906,250.
  • Operating expenditure for the quarter was $302,827.
  • Unsecured facility of $696,000 borrowed from related party.
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.