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De.mem Ltd. ( (AU:DEM) ) has provided an announcement.
De.mem Limited has issued 2,380,952 fully paid ordinary shares at $0.105 per share to its chairman, Andreas Hendrik De Wit, following shareholder approval at a recent general meeting, as part of the funding package for its previously announced acquisition of Core Chemicals Pty Ltd. The company has confirmed that the shares were issued without a prospectus under the relevant Corporations Act provisions and that it remains compliant with its continuous disclosure and financial reporting obligations, with no excluded information requiring disclosure, thereby facilitating secondary trading of the new shares and underlining its adherence to regulatory standards during its expansion efforts.
The most recent analyst rating on (AU:DEM) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on De.mem Ltd. stock, see the AU:DEM Stock Forecast page.
More about De.mem Ltd.
De.mem Limited is a decentralised water and wastewater treatment company that designs, builds, owns and operates turnkey treatment systems for major industrial clients in mining, electronics, chemical, oil and gas, and food and beverage sectors. It also supplies clean drinking water solutions to municipalities, residential developments and hospitality customers across the Asia-Pacific, leveraging advanced proprietary membrane technologies developed with Singapore’s Nanyang Technological University, including low-pressure hollow fibre nanofiltration and forward osmosis systems.
Average Trading Volume: 200,151
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$35.66M
For a thorough assessment of DEM stock, go to TipRanks’ Stock Analysis page.