Magnis Energy Technologies Limited (AU:MNS) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Magnis Energy Technologies Ltd has updated its financial situation by announcing the transfer of a $5.5 million secured, short-term loan to McEvoy Street Pty Ltd, with a maturity date of 16 October 2024 and an interest rate of 4.5% per month. Additionally, the company has reshuffled its board, appointing David Wang as an executive director to enhance business development in China, particularly with battery manufacturers, while Mr Fabrizio Perilli has resigned to focus on other business interests.
For further insights into AU:MNS stock, check out TipRanks’ Stock Analysis page.
