Home > Industry > Oz Computer Chain Looks To List

Oz Computer Chain Looks To List

Computer retail chain MSY Technology is one of those that’s been looking to list on the ASX after having been acquired by ASX-listed mining company Lanka Graphite for $19.8 million. Its principals will doubtless be looking anxiously at ASX developments in coming weeks.
The Dandenong, Vic.-based MSY has been trading for 22 years, selling computers, parts and software, and also operates an online store.
It has had some problems in the past, being fined $203,500 in 2011 by the Federal Court over misleading customers about their warranty rights; and another $750,000 by the same court in 2017 for “communicating to shoppers on its Web site, and in oral and e-mail communications, misleading information about whether they were entitled to a repair, refund or replacement after purchasing a faulty product”.
Both cases were brought  by the Australian Competition and Consumer Commission, which stressed that under Australian Consumer Law, consumers are entitled to a refund, repair or replacement in cases where there is a major fault with the product.
MSY Technology today has 28 outlets across Australia: nine in Victoria, five each in NSW, Queensland and South Australia, two in WA and one each in Tasmania and the ACT.

You may also like
Microsoft’s Struggling Games Division To Release New Xbox Titles
Sony’s PlayStation Future Not Looking Flash As Microsoft Flex Their Gaming Muscle
Sony Spends $600 Million On Michael Jackson Music
Microsoft To Share Details On Xbox Games For PlayStation Soon
Microsoft Claims Activision Had Planned Layoffs Before Merger