In a brief release, HMC Capital Limited (ASX: HMC) notes the media speculation released by various media outlets dated 3 October 2024 and 4 October 2024 in relation to the potential acquisition of a number of data centre assets.
The release continues:- Consistent with the strategy noted in HMC’s FY24 results presentation announced to ASX on 21 August 2024, HMC confirms it is under due diligence to potentially acquire various data centre assets (including Global Switch Australia).
Discussions between HMC and the relevant vendors are ongoing and the terms of any potential acquisitions remain confidential, conditional and non-binding. HMC will disclose any material developments in relation to these potential acquisitions in accordance with HMC’s continuous disclosure obligations. There is no assurance any such transaction will be agreed (or, if agreed, that they will be completed).
The announcement released has been authorised for release by the Company Secretary.
