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Centrex Limited ( (AU:CXM) ) has provided an update.
Centrex Limited, currently under administration, has announced that PRL Global Ltd has been selected as the preferred bidder for the potential sale or recapitalization of the company. The decision follows discussions with shortlisted bidders, and PRL Global Ltd will now enter a 45-day exclusive due diligence period. This development could significantly impact Centrex Limited’s future operations and market positioning, with further updates expected after the due diligence period concludes.
More about Centrex Limited
Centrex Limited operates in the industry of resource exploration and development, with a focus on agricultural and mineral projects. The company, along with its subsidiary Agriflex Pty Ltd, is involved in the production and supply of agricultural products.
YTD Price Performance: 40.0%
Technical Sentiment Signal: Buy
Current Market Cap: A$14.75M
Find detailed analytics on CXM stock on TipRanks’ Stock Analysis page.