ChemX Materials Limited (AU:CMX) has released an update.
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ChemX Materials Limited has entered voluntary administration, with its shares suspended from trading as administrators examine strategies for maximizing stakeholder returns. The company’s subsidiary, HiPura Pty Ltd, is also under administration, and efforts are underway to seek interest for recapitalization or asset purchase. Shareholders and potential investors are advised to stay informed through ASX announcements during this period.
For further insights into AU:CMX stock, check out TipRanks’ Stock Analysis page.