Keybridge Capital Limited (AU:KBC) has released an update.
Keybridge Capital Limited reports a significant increase in Net Tangible Assets (NTA), with a noteworthy rise from 6.53 cents in February 2024 to 8.40 cents in July 2024, driven by a successful takeover, property value appreciation, and legal settlements. The company is resolving a dispute related to an investment valued at approximately $7.35 million, and addressing a suspension from trading since March 2024 due to financial condition inquiries and winding-up proceedings, which Keybridge is actively contesting. Keybridge’s financials remain robust with a net profit of $8.6 million for the latter half of 2023, and it has secured several strategic agreements and loans, including a standstill agreement involving its Managing Director and transactions with high-profile financiers.
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