PEXA Group to Maintain AU$14.1 Million Value for Interoperability Software Asset

MT Newswires Live

02/19

PEXA Group (ASX:PXA) confirmed it will continue to carry the value of its interoperability intangible software asset at AU$14.1 million, according to a Wednesday filing with the Australian bourse.

Following the Australian Registrars' National Electronic Conveyancing Council's statement on next steps for interoperability, PEXA reiterated it will review the asset's carrying value in future periods as needed, the filing said.

The group also reaffirmed its commitment to working with regulators and stakeholders throughout the ongoing review process, the filing added.

Shares of the company fell past 2% in recent Wednesday trade.

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