MNC – Merino & Co. Limited
Merino & Co is a vertically integrated Company, involving the manufacture, marketing and sale of wool products. The Company has over 600 points of sale spanning across Australia, selling wool clothing and accessories from its own showrooms as well as at duty free shops, airports, boutique shops, tourism sites, and generally via wholesalers and agents. The Company has also been exporting and selling direct to international markets, including China, Japan and North America, where high-quality wool products are in higher demand owing to colder climates.
The Company is seeking to raise up to $7,500,000 (before costs) through the issue of up to 37,500,000 Shares at a price of $0.20 per Share.
It is anticipated that MNC will list on the ASX during October 2024.