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Australian billionaire leads Genex Power takeover renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Australia's Genex Power Stock Surges 50% Amid $220 Million Takeover Bid by Tech Billionaire itechpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itechpost.com Daily Mail and Mail on Sunday newspapers.
Genex Power Ltd (ASX:GNX) EGM Approves JPower Investment - Timeline to Financial Close
EGM Approves JPower Investment - Timeline to Financial CloseSydney, April 29, 2021 AEST (ABN Newswire) - Genex Power Limited ( ASX:GNX) is pleased to provide the following update on the finalisation of the subscription by Electric Power Development Co., Ltd ( J-POWER ) for up to $25M to be applied toward the 250MW Kidston Pumped Storage Hydro Project ( K2-Hydro or Project ). Highlights: - Subscription pricing period commenced, subject to a minimum of $0.211 per share; and - Financial Close scheduled to occur on 19 May 2021. Following approval of Resolution 1 and Resolution 2 at the Extraordinary General Meeting of Genex shareholders (EGM) held earlier today (refer ASX Announcement dated 29 April 2021), Genex has today given notice to J-POWER that the conditions precedent to the Share Subscription Agreement between Genex and J-POWER ( SSA ) (refer ASX Ann ....