MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale

Further to the announcement made on 11 December 2020, the sale of the New Plymouth building has settled.

The sale price of $3.95m was more than the $2.1m book value. The gain on sale will be reflected in our full year results for 30 June 2021.

The proceeds of the sale will be used to repay debt to BNZ, the renovation and strengthening of our building at 53 Lunns Road in Christchurch and for working capital.

See the link below for more details:

Settlement of New Plymouth building sale

Source: MHM Automation Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report
January 15th Morning Report
January 14th Morning Report
WIN - Winton Announces Timing of its Interim Results for FY26
FBU - Fletcher Building Quarterly Volume Report for Q2 FY26
January 13th Morning Report
RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report