An unknown buyer entered into a memorandum of understanding to acquire Mourquong Processing Plant from Murray River Organics Group Limited (ASX:MRG) for AUD 7.8 million on May 26, 2021. The memorandum of understanding is subject to due diligence by the purchaser. The transaction is expected to complete by June 30, 2021. The transaction proceeds will be used to retire debt and it is anticipated that net debt will be below AUD 30 million as of June 30, 2021. An unknown buyer competed the acquisition of Mourquong Processing Plant from Murray River Organics Group Limited (ASX:MRG) on August 27, 2021.