ChemX Materials (ASX:CMX) has requested a voluntary suspension of its securities on the ASX. This is due to an upcoming announcement regarding updates on company funding and a management restructure. The suspension ensures compliance with disclosure obligations until the announcement or December 23, 2024.
ChemX Materials has opted for a voluntary suspension of trading to manage its disclosure obligations effectively. The suspension will remain until the company releases an announcement regarding its funding and management restructure, or until trading resumes on December 23, 2024. This move indicates significant developments within the company aimed at restructuring its management and securing funding. ChemX Materials remains committed to transparent communication with the market, ensuring all stakeholders are informed about the company's strategic initiatives and future direction.
The request for suspension has been approved by the company's board. ChemX Materials does not foresee any reason why the voluntary suspension should not be granted and believes there is no additional information needed to inform the market about this decision.