Genex Power Ltd. (AU:GNX) has released an update.
Genex Power Limited has announced a $10 million increase in its Corporate Loan Facility with J-POWER subsidiary JPGA Partners Pty Ltd, raising the total to $45 million. This boost in funding serves as standby working capital as Genex shareholders contemplate J-POWER’s proposal to acquire the company. The extension is a strategic move to provide Genex with additional financial stability during the potential sale process, without being contingent on the transaction’s outcome.
For further insights into AU:GNX stock, check out TipRanks’ Stock Analysis page.
