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Multistack International Limited (ASX:MSI)

ALERT: Price-sensitive ASX Announcement for MSI
Current share price for MSI : $0.003 0 (0%)+
Announcement
Release
23 Jul 2026 3:43PM
Price at Release
$0.003
Full Release
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Summary
During the quarter from April to June 2026, Multistack International Limited focused on its core business activities, which include the sale, marketing, and distribution of water-cooled and air-cooled water chillers. The sales revenue was primarily from spare parts. A significant corporate development included the approval from shareholders at an Extraordinary General Meeting on 24 June 2026 to dispose of the company's main undertaking, which was completed by 1 July 2026. Following this disposal, the company retained cash reserves of $361,406 to fulfill ongoing corporate, statutory, and ASX compliance obligations. The company is exploring various business opportunities while maintaining operations as a going concern and ensuring compliance with ASX and other reporting requirements. The quarterly operating expenditure amounted to $226,290, which includes $62,845 in administration and corporate costs.
Key Points
  • Core business activities include the sale of water-cooled and air-cooled water chillers.
  • Sales revenue in Q2 2026 was primarily from spare parts.
  • Shareholders approved the disposal of the main undertaking on 24 June 2026.
  • The disposal was completed, and announcement made on 1 July 2026.
  • Cash reserves at the end of the quarter were $361,406.
  • Quarterly operating expenditure was $226,290.
  • Exploring various business opportunities post-disposal.
  • Ensuring compliance with ASX and other reporting requirements.
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.