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The latest update is out from Axiom Properties Ltd ( (AU:AXI) ).
Axtec Ltd has issued 21 million fully paid ordinary shares to Block Capital Group (INT) Pty Ltd under its existing placement capacity in accordance with ASX Listing Rule 7.1. The company has lodged a cleansing notice under section 708A of the Corporations Act, enabling these shares to be traded within 12 months without a disclosure document, and confirming its ongoing compliance with financial reporting and continuous disclosure obligations.
The notice also states that there is no excluded information required to be disclosed under the Act, indicating that Axtec considers the market to be fully informed about its affairs. This share issue and accompanying cleansing notice support the company’s capital management flexibility and may broaden its investor base without triggering additional disclosure requirements.
The most recent analyst rating on (AU:AXI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Axiom Properties Ltd stock, see the AU:AXI Stock Forecast page.
More about Axiom Properties Ltd
Axtec Ltd is a real estate-focused technology platform that targets the manual and fragmented nature of property transactions. The company provides automated payments, compliance tools, digital workflows, and a range of payment and lending solutions for vendors, purchasers, agents, and property owners.
Average Trading Volume: 733,295
Technical Sentiment Signal: Sell
Current Market Cap: A$12.07M
See more data about AXI stock on TipRanks’ Stock Analysis page.