ChemX Materials Suspension Extended Amid Financial Concerns

Jan 02, 2025

ChemX Materials Limited (ASX: CMX) remains suspended from quotation following its initial request on 19 December 2024. This suspension was prompted by the need to release updates regarding funding and a management restructure. As of 2 January 2025, the appointment of voluntary administrators has been announced, leading the ASX to assess CMX's financial condition as inadequate under Listing Rule 12.2. Consequently, CMX is deemed in breach of the Listing Rules, and its securities will continue to be suspended under Listing Rule 17.3.

The suspension will remain in place until CMX satisfies the ASX that it meets all necessary compliance requirements, including adequate financial stability, to warrant the reinstatement of its securities to quotation. This marks a critical juncture for CMX as it navigates its financial and operational challenges.

 

 

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