Earth moving equipment company Emeco (ASX:EHL) has responded to an article in today’s Australian Financial Review (AFR) which published extracts from an early draft of a confidential board document.
The AFR speculates that the mining equipment company is considering the sale of the business.
Emeco has responded to the article saying it has not solicited or received any proposals regarding the sale of the company.
The company also asked shareholders not to take action in response to the media speculation.
Finally Emeco says it continues to comply with continuous disclosure obligations and will update the market in the event of any decisions.
Shares in Emeco (ASX:EHL) are trading flat at 30 cents.