J-POWER Subsidiary Proposes Genex Takeover

Genex Power Ltd. (AU:GNX) has released an update.

JPGA Partners Pty Ltd, through its subsidiary J-POWER Nominee, has proposed an off-market takeover bid for all shares of Genex Power Limited that it doesn’t already own. As of the latest disclosure, J-POWER Nominee’s interest in Genex shares has increased to 13.56%. The takeover is subject to certain conditions, including the acquisition of at least 40% of Genex shares and the offer becoming unconditional as outlined in the transaction booklet.

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