Jayex Technology Limited (AU:JTL) has released an update.
Jayex Technology Limited has applied for voluntary delisting from the Australian Securities Exchange, citing low trading liquidity, difficulties in fundraising, and disproportionate impact on share price due to minimal trades. The Board believes delisting is in the best interest of shareholders, as continued listing has not been beneficial and any future capital raises could further dilute share value. Shareholders must approve the delisting, and if they wish to sell shares, they should do so before the official removal from the ASX.
For further insights into AU:JTL stock, check out TipRanks’ Stock Analysis page.
