Brief: Dxn Says Entered Into A Revised Business Sale Agreement With Flow2edge Australia

Dxn

17/10/2022 02:33

Oct 17 (Reuters) - Dxn Ltd  DXN.AX :
    * 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

Further company coverage:  DXN.AX 
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