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Mining services provider Mastermyne Group Limited (ASX:MYE) will acquire Diversified Mining Services for $20 million.The company says the purchase of the Queensland mining maintenance and engineering services provider is a significant step towards expanding its service offering.The purchase will involve issuing $9.7 million of Mastermyne shares to DMS shareholders as well as $10.3 million in cash to payout and restructure the company’s debt.Chief Executive Tony Caruso says the DMS business will provide a key suite of services that complement the company’s current offering.The deal is subject to DMS shareholder approval.Mastermyne reported a net profit of $2.99 million in the 2014 financial year.
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.29M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $10.00K | 66.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 83990 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 48354 | 1 |
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| Last trade - 12.53pm 08/08/2025 (20 minute delay) ? |
| MYE (ASX) Chart |