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Humm Group Limited (ASX:HUM)

ALERT: Price-sensitive ASX Announcement for HUM
Current share price for HUM : $0.435 -0.15 (-25.64%)+
Announcement
Release
22 Jun 2026 8:22AM
Price at Release
$0.585
Full Release
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Summary
Credit Corp Group Limited announced the conclusion of discussions regarding its non-binding indicative proposal to acquire 100% of Humm Group Limited. After a phase of commercial due diligence, Credit Corp identified issues that could not be resolved through further discussions. Consequently, Credit Corp materially reduced its bid, and both parties confirmed that a mutually acceptable transaction could not be achieved, leading to the cessation of acquisition discussions.
Key Points
  • Credit Corp Limited ceased discussions with Humm Group Limited.
  • Initial non-binding indicative proposal to acquire Humm was materially reduced.
  • Commercial due diligence raised unresolved issues.
  • Both parties confirmed a mutually acceptable transaction could not be agreed upon.
  • Discussions were concluded following reduced bid proposal.
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.