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Comms Group Ltd. (Australia) ( (AU:CCG) ) has issued an update.
Comms Group Limited has announced the issuance of 10,000,000 ordinary shares at $0.05 each, as part of an acquisition. This issuance is compliant with the Corporations Act 2001, allowing the shares to be sold under the exemption provided by section 708A(5). The company has confirmed adherence to relevant provisions of the Corporations Act, ensuring transparency and compliance with disclosure requirements, which supports its operational integrity and stakeholder confidence.
The most recent analyst rating on (AU:CCG) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Comms Group Ltd. (Australia) stock, see the AU:CCG Stock Forecast page.
More about Comms Group Ltd. (Australia)
Comms Group Limited is a company listed on the Australian Securities Exchange (ASX: CCG) that operates in the telecommunications industry. The company primarily focuses on providing communication solutions and services, catering to various market segments with a focus on enhancing connectivity and communication efficiency.
Average Trading Volume: 566,175
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$37.37M
Learn more about CCG stock on TipRanks’ Stock Analysis page.