April 4 (Reuters) - Australia's GrainCorp Ltd (GNC) on Thursday said it will separate its global malting business into a new company, which will be listed on the Australian stock exchange.
The new company, dubbed MaltCo, will consist of GrainCorp's malting and craft brewing distribution business, the company said in a statement.
If the separation goes through, the company's shareholders will receive MaltCo shares in proportion to their shareholdings in GrainCorp, while also retaining their GrainCorp shares.
News: GNC Australia's GrainCorp to separate its global malting business
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Last
$7.59 |
Change
0.020(0.26%) |
Mkt cap ! $1.687B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.81 | $7.56 | $7.452M | 974.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 1850 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| GNC (ASX) Chart |