An announcement from Top Shelf International Holdings Ltd. ( (AU:TSI) ) is now available.
Top Shelf International Holdings Ltd is currently dealing with a debt recovery proceeding initiated by the Australian Taxation Office (ATO) due to an outstanding excise liability of $3.7 million. The ATO has filed an application to wind up one of Top Shelf’s subsidiaries over this debt. The company is actively seeking solutions, including recapitalization strategies and the potential sale of its Campbellfield production facility, to address the liability.
More about Top Shelf International Holdings Ltd.
Top Shelf International Holdings Ltd is a Melbourne-based distiller and marketer of premium Australian spirits, known for brands like NED Australian Whisky, Grainshaker Hand Made Australian Vodka, and Act of Treason Australian Agave. The company excels in the development and production of distilled spirits, operating modern facilities in Campbellfield, Victoria, and is pioneering Australia’s first agave spirit range from its farm in The Whitsundays.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13M
See more data about TSI stock on TipRanks’ Stock Analysis page.
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