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The latest update is out from Babylon Pump & Power Ltd ( (AU:BPP) ).
Babylon Pump & Power Ltd issued a corrective disclosure regarding its proposed acquisition of BPY Holdings Pty Ltd (Blue Hire) and Matrix Hydro Services Pty Ltd, clarifying that it incorrectly stated its capacity to issue shares without shareholder approval under ASX Listing Rule 7.1. The company acknowledged the oversight and emphasized its commitment to compliance, noting that shareholder approval is necessary for the acquisitions to proceed. A general meeting is scheduled for July 15, 2025, to address these approvals, highlighting Babylon’s focus on maintaining corporate governance and adherence to ASX rules.
The most recent analyst rating on (AU:BPP) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd (ASX: BPP) is a provider of specialty mining services to the resources sector in Australia. The company specializes in high-pressure pumping, dewatering, and project water management, offering equipment supply and maintenance in remote and offshore locations. Additionally, Babylon provides specialty power generation solutions, including system design, installation, commissioning, operations, and maintenance services, and offers maintenance and asset management for high-power mobile equipment.
Current Market Cap: A$15.86M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.
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