DXN Ltd. (AU:DXN) has released an update.
DXN Ltd., a manufacturer and operator of modular data centers in the Asia Pacific, has completed its exit from the SYD01 Data Centre, significantly reducing annual expenses by $1.4 million. Additionally, the sale of SYD01’s infrastructure assets has helped mitigate the costs associated with this move. The company is also finalizing a deal to build a modular cable landing station, promising an expected revenue of A$5.5m, underscoring DXN’s strategic focus on optimizing operations and expanding its core business.
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