Papyrus Australia Ltd (AU:PPY) has released an update.
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Papyrus Australia Ltd has strengthened its international expansion with a new partnership involving L39 Capital to support its Vietnamese joint venture, aimed at commercializing its innovative technology. The company also welcomed Jim Huang to its board as a non-executive director, bringing valuable Asia-Pacific expertise. Additionally, Papyrus secured a $131k loan under the Australian Government’s R&D Tax Incentive program to bolster its financial position.
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