ENX Other Administrative Neutral
enX GROUP LIMITED - Receipt of compliance certificate in relation to the disposal by enX of its remaining interest in WAI
enX Group Limited
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What this filing means
enX Group has received the requisite TRP compliance certificate, rendering the disposal of its remaining 75% interest in WAI fully unconditional.
Bull case
- The receipt of the TRP compliance certificate confirms the disposal of the remaining 75% interest in WAI is now fully unconditional and ready for implementation.
- This regulatory clearance successfully concludes the divestment process of this non-core asset as outlined in the March circular.
Bear case
- The finalization of this disposal permanently reduces the company's asset base, highlighting the need for clarity on future revenue generation.
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