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X2M Connect Limited ( (AU:X2M) ) has issued an announcement.
X2M Connect Limited announced the issuance of fully paid ordinary shares and/or options without disclosure to investors, in compliance with the Corporations Act. This move reflects the company’s ongoing efforts to strengthen its financial position and expand its market presence, particularly in the Asia-Pacific region and the Middle East, enhancing its service offerings in the utilities sector.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector. Their technology connects utility devices like water, gas, and electricity meters to the internet, facilitating data exchange and remote control. The company focuses on the Asia-Pacific region and is expanding globally, with operations in Japan, South Korea, Taiwan, China, and the Middle East.
Average Trading Volume: 1,226,418
Technical Sentiment Signal: Sell
Current Market Cap: A$9.14M
For an in-depth examination of X2M stock, go to TipRanks’ Overview page.