Genex Power Ltd. (AU:GNX) has released an update.
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Genex Power Limited has been fully acquired by J-POWER’s subsidiary through a scheme of arrangement approved by shareholders and the Supreme Court of NSW, resulting in a complete change in its board of directors and a cash payout to existing shareholders. Trading of Genex shares on the ASX has been suspended, with plans to delist the company by August 1, 2024. Genex is recognized for a significant portfolio in renewable energy generation and storage projects across Australia, including the fully operational Kidston Clean Energy Hub and Jemalong Solar Project.
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