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Centrex Limited ( (AU:CXM) ) has provided an update.
Centrex Limited, currently under administration, has announced the convening of a second meeting of creditors, initially scheduled for April 8, 2025. The administrators are in advanced negotiations for a potential sale or recapitalization of the company, which may involve a Deed of Company Arrangement. To allow more time for these negotiations, the meeting will be adjourned for up to 45 business days, with a supplementary report to be issued detailing potential outcomes and recommendations for creditors.
More about Centrex Limited
Centrex Limited operates in the industrial sector, focusing on agribusiness through its subsidiary Agriflex Pty Ltd.
YTD Price Performance: 40.0%
Technical Sentiment Signal: Buy
Current Market Cap: A$14.75M
For a thorough assessment of CXM stock, go to TipRanks’ Stock Analysis page.