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BRIEF-Mcgrath Announces Expansion Of Oxygen Home Loans Business

Published 06/04/2021, 04:51 pm
Updated 06/04/2021, 04:54 pm
© Reuters.

April 6 (Reuters) - Mcgrath Ltd MEA.AX :

* EXPANDS OXYGEN HOME LOANS BUSINESS

* OXYGEN RAISED ADDITIONAL INVESTMENT CAPITAL INTO HOME LOAN BUSINESS THROUGH A $2.5 MILLION CASH INJECTION

* CO REDUCING ITS INTEREST IN OXYGEN TO A 45% SHAREHOLDING VIA CAPITAL INJECTION INTO OXYGEN

* NEW FUNDING WILL BE UTILISED TO GROW RESOURCES, ACCELERATE DIGITISATION TO CREATE BROADER PRODUCT OFFERING FOR OXYGEN

* MEA WILL RETAIN ONE OF THREE BOARD SEATS IN OXYGEN

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