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  5. Wingara AG Limited
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    WNR   AU000000WNR4

WINGARA AG LIMITED

(WNR)
  Report
Delayed Australian Stock Exchange  -  11:47 2022-10-05 pm EDT
0.0650 AUD   +22.64%
07/27Wingara : Appendix 4G
PU
07/27Wingara : Annual Report to shareholders
PU
07/27Wingara : Corporate Governance Statement
PU
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AP Cold Storage Pty Ltd and Sui Garden Pty Ltd entered into binding agreement to acquire Austco Polar Cold Storage Pty Ltd from Wingara AG Limited for approximately AUD 1 million.

06/22/2022 EDT

AP Cold Storage Pty Ltd and Sui Garden Pty Ltd entered into binding agreement to acquire Austco Polar Cold Storage Pty Ltd from Wingara AG Limited (ASX:WNR) for approximately AUD 1.5 million on June 22, 2022. The deal value comprising AUD 0.1 million cash and AUD 1.4 million cash for Wingara to satisfy retained working capital obligations of the transaction. As of October 5, 2022, consideration has been changed to AUD 1 to be paid in cash and is subject to a working capital adjustment.

Majority of the current employees of Austco Polar Cold Storage will be retained. Austco Polar has reported revenue of AUD 10.7 million and Net loss of AUD 4 million. The completion of the transaction will be subject to a number of conditions including completion of satisfactory due diligence by AP Cold Storage and Sui Garden, satisfaction of all mutual Conditions Precedent relevant to the transaction, successful transfer and/or retention of all relevant agreements, including the Lease with the Landlord and Other conditions customary for a transaction of this nature.

The transaction is expected to complete no later than 45 days from the date of announcement, being August 5, 2022.As of August 5,2022, there has been delay in expected closing and parties are committed to working together to successfully close out the transaction. As of October 5, 2022, the transaction is expected to complete on October 7, 2022.


© S&P Capital IQ 2022
All news about WINGARA AG LIMITED
07/27Wingara : Appendix 4G
PU
07/27Wingara : Annual Report to shareholders
PU
07/27Wingara : Corporate Governance Statement
PU
07/08Wingara AG Nixes Transaction With Unnamed Counterparty
MT
07/06Wingara : Full Year Statutory Accounts
PU
07/06Wingara AG Limited Auditor Raises 'Going Concern' Doubt
CI
06/22AP Cold Storage Pty Ltd and Sui Garden Pty Ltd entered into binding agreement to acquir..
CI
06/21Wingara Sells Cold Storage Subsidiary for $1 million
MT
05/27Wingara : Release of FY22 Full Year Results
PU
05/27Wingara : Preliminary Final Report
PU
More news
Financials
Sales 2022 39,3 M 25,4 M 25,4 M
Net income 2022 -9,70 M -6,26 M -6,26 M
Net Debt 2022 7,03 M 4,54 M 4,54 M
P/E ratio 2022 -0,94x
Yield 2022 -
Capitalization 9,30 M 6,01 M 6,01 M
EV / Sales 2021 1,20x
EV / Sales 2022 0,44x
Nbr of Employees -
Free-Float 86,5%
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Managers and Directors
James D. Whiteside Chief Executive Officer
Jae Tan Chief Financial Officer
David Christie Independent Non-Executive Chairman
Brendan York Non-Executive Director
Marcello Diamante Non-Executive Director