Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Waterco Limited ( (AU:WAT) ).
Waterco Limited has acknowledged a historical breach of ASX Listing Rule 10.1 due to lease arrangements with a related party, Mint Holdings Pty Ltd, which exceeded the permissible value threshold without prior security holder approval. To address this oversight, Waterco has proposed a remediation plan, including seeking security holder approval at its 2025 Annual General Meeting and commissioning an independent expert’s report. The company is committed to enhancing its internal compliance framework to prevent future breaches and is working closely with the ASX to resolve the issue.
More about Waterco Limited
Established in 1981 and listed on the ASX in 1989, Waterco Limited manufactures and distributes a diverse range of products for the international swimming pool and water treatment markets. It is also the franchisor of Swimart, a leading network of pool and spa retail outlets in Australia and New Zealand, and distributes Zane Pool Heating solutions. Waterco operates in over 40 countries, offering swimming pool and spa equipment, chemicals, and water treatment equipment, with its head office in Sydney, Australia, and international offices in several countries.
Average Trading Volume: 708
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$246.2M
For detailed information about WAT stock, go to TipRanks’ Stock Analysis page.