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:

BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage
MEL - Meridian Energy monthly operating report for April 2026