tiprankstipranks
Company Announcements

Centrex Limited Seeks Further Extension on Voluntary Suspension Amid Capital Raising

Story Highlights
Centrex Limited Seeks Further Extension on Voluntary Suspension Amid Capital Raising

Discover the Best Stocks and Maximize Your Portfolio:

An update from Centrex Limited ( (AU:CXM) ) is now available.

Centrex Limited, currently under voluntary suspension from the ASX, has requested an extension of this suspension. The company initiated the suspension in anticipation of negotiations with its logistics provider, lender, and a capital raising effort that is crucial for its financial stability. The extension is requested to prevent potentially prejudicial trading activity before the capital raising is completed. The closing date for the Entitlement Offer has now been extended to March 4, 2025, with securities set to be issued on March 11, 2025, and the company anticipates concluding the capital raising by March 12, 2025.

More about Centrex Limited

YTD Price Performance: 40.0%

Average Trading Volume: 1,449,270

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$14.75M

See more insights into CXM stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1