Merchant House International Limited (ASX:MHI) Receives Settlement Funds
Funds from Sale Completed
Merchant House International Limited has confirmed the final settlement of US$4,915,536 received from the sale of its 33.79% interest in Tianxing. The funds were transferred to Forsan Limited, a subsidiary of the company, into a joint HSBC account held with the buyer, Tianjin Wuxi.
Company Statement
This announcement was authorised for issue by the Board of the Company, underscoring the operational outcome from this strategic divestment.
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