DXN Ltd Executes Option to Acquire SDC Darwin Freehold

DXN Ltd. ( (AU:DXN) ) has provided an update.

DXN Ltd has executed an Option Deed and Binding Contract of Sale to acquire the freehold of the land and building where SDC Darwin operates for $2.1 million. This acquisition, subject to obtaining debt financing, is expected to enhance shareholder value by increasing the company’s assets to a combined valuation of $10 million. The company is actively working with financiers to complete the transaction within 60 days, with further updates to be provided to shareholders.

More about DXN Ltd.

DXN Ltd is a leading provider of data centers across the Asia Pacific region, with a strong track record serving government and blue-chip customers. The company operates in two core divisions: the Modular division, which designs, engineers, manufactures, and deploys EDGE facilities and critical DC infrastructure, and the Data Centre operations division, which maintains and markets data centers and critical infrastructure for both its own and modular customers.

YTD Price Performance: -38.60%

Average Trading Volume: 389,853

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$10.45M

Learn more about DXN stock on TipRanks’ Stock Analysis page.