** Shares of sustainable packaging materials maker MyEco Group MCO.AX rise 11.8% to A$0.019
** Co says it will implement operational restructure initiatives, to be completed by June 2025
** Restructuring expected to deliver A$2.5 million ($1.61 million) to A$3 million reduction in fixed costs
** Fixed costs to be reduced by consolidating three manufacturing plants into one global manufacturing plant in China
** YTD, shares down 17.4%
($1 = 1.5550 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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