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Dynamic Group Holdings Limited ( (AU:BWE) ) has shared an update.
BWE Drilling Limited has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX), pending shareholder approval. The decision is driven by the insufficient spread of shareholders, as the company currently has only 112 shareholders, with a majority stake held by Australian Meat Industry Superannuation Pty Ltd. The delisting is expected to take effect on or around October 22, 2025, and aims to address compliance with ASX Listing Rules regarding shareholder spread.
More about Dynamic Group Holdings Limited
BWE Drilling Limited, formerly known as Dynamic Group Holdings Limited, operates in the drilling industry. The company focuses on providing drilling services and has a significant market presence, with Australian Meat Industry Superannuation Pty Ltd holding a majority stake.
Average Trading Volume: 7,225
Technical Sentiment Signal: Buy
Current Market Cap: A$41.52M
Learn more about BWE stock on TipRanks’ Stock Analysis page.