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Global Data Centre Group ( (AU:GDC) ) has shared an announcement.
Global Data Centre Group has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX) following a strategic decision to cease new investments and dispose of its digital infrastructure assets. The delisting is part of a broader value realization strategy, which included returning proceeds from asset disposals to unitholders. With the completion of these disposals, GDC’s assets now consist entirely of cash and cash equivalents, prompting the decision to delist and wind up the funds. This move will result in GDC units no longer being traded on the ASX, and unitholders will need to engage in off-market transactions for any future sales or transfers.
More about Global Data Centre Group
Global Data Centre Group (GDC) operates in the digital infrastructure industry, primarily focusing on investments in digital infrastructure assets. The company has been involved in managing funds that invest in such assets, with a market focus on maximizing value for its unitholders.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$110.1M
For detailed information about GDC stock, go to TipRanks’ Stock Analysis page.