DXN dxn limited
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Oct 17 (Reuters) - Dxn Ltd (DXN) : UPDATE ON SALE OF BUSINESS...

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    17/10/22
    12:35
    Post #: 64233802

    Oct 17 (Reuters) - Dxn Ltd (DXN) :

    • UPDATE ON SALE OF BUSINESS ASSETS OF DXN
    • ENTERED INTO A REVISED BUSINESS SALE AGREEMENT WITH FLOW2EDGE AUSTRALIA PTY LTD
    • AGREEMENT TO SELL BUSINESS AND ASSETS THAT RELATE TO COMPANY'S EDGE MODULE MANUFACTURING BUSINESS FOR A$20 MILLION IN CASH
    • DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
    • INTENDS TO USE PROCEEDS RECEIVED TO REPAY DEBTS, PROVIDE WORKING CAPITAL FOR DATA CENTRE BUSINESSES AND MAKE A DISTRIBUTION TO SHAREHOLDERS

    (([email protected];))

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-0.002(3.45%) 		Mkt cap ! $16.72M
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