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DXN Limited (ASX:DXN)

ALERT: Price-sensitive ASX Announcement for DXN
Current share price for DXN : $0.155 -0.08 (-34.04%)+
Announcement
Release
1 Jul 2026 9:19AM
Price at Release
$0.235
Full Release
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Summary
DXN Limited has announced the strategic divestment of its non-core Tasmanian data centre, operated by its subsidiary TAS01 Pty Ltd, for a total consideration of up to A$520,000. This move is part of DXN's strategy to sharpen its focus on its core prefabricated modular data centre operations. The transaction was completed on 30 June 2026, although the landlord's consent for the transfer is still pending. The purchaser, DADT Pty Ltd, intends to continue operating the facility and serving existing customers, including Tasmanian government and enterprise users. The divestment strategy is aimed at concentrating capital and management efforts on more valuable opportunities for shareholders.
Key Points
  • DXN Limited completed the divestment of its subsidiary TAS01 Pty Ltd for up to A$520,000.
  • The sale includes an upfront payment of A$400,000 and a A$120,000 earn-out contingent on revenue targets.
  • The divestment allows DXN to focus on its core prefabricated modular operations.
  • Transaction completed on 30 June 2026; landlord's consent to be obtained subsequently.
  • Purchaser DADT Pty Ltd will continue operating the data centre, ensuring continuity for existing customers.
  • DXN aims to recycle non-core assets to enhance shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.