Eden Innovations Ltd (AU:EDE) has released an update.
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Eden Innovations Ltd is in the process of selling two of its U.S. industrial properties, which could enhance its financial position by paying off or significantly reducing a $5.8 million secured loan and cutting annual operating costs by around $864,000. The properties, located in Augusta, Georgia and Littleton, Colorado, have been appraised at $5 million and $2.6 million respectively, and the sales are expected to provide additional working capital and reduce unsecured debts. While there is interest from potential buyers, the final sale prices are subject to market conditions and there is no guarantee they will match the appraised values.
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