Cenatex Holdings Increases Stake in Bri-Chem Corp
Texas Firm Increases Stake in Canadian Chemical Company
Garland, TX – Cenatex Holdings, LLC, a texas-based company, has considerably increased its ownership in Bri-Chem Corp., a publicly traded Canadian chemical company. The purchase,announced on December 13,2024,saw Cenatex acquire 126,630 common shares of Bri-Chem at an average price of $0.2825 USD per share, totaling $35,774.01 USD.This acquisition boosts Cenatex’s stake in Bri-Chem from 10.119% to 12.106% of the company’s outstanding shares. prior to the purchase, Cenatex and its joint actors held 2,674,795 shares.Following the transaction, their total holdings now stand at 3,200,000 shares.
Cenatex cited an “investment decision” as the reason behind the purchase. The company stated that future actions regarding their Bri-Chem holdings will be determined by market conditions and othre factors, and could involve further increases or decreases in their stake.
Cenatex emphasized that any future transactions would be conducted in accordance with applicable securities laws and without prior notice.
About Cenatex Holdings, LLC
Cenatex Holdings, LLC is a privately held company based in Garland, Texas.
About Bri-Chem Corp.
Bri-Chem Corp. is a publicly traded Canadian company specializing in the production and distribution of chemicals. The company’s shares are listed on the Toronto Stock Exchange.
texas Firm Tightens Grip on Canadian Chemical Producer
Garland, TX – Cenatex Holdings, LLC, a Texas-based investment firm, has solidified its presence in the canadian chemical market by considerably increasing its ownership stake in Bri-Chem Corp.
late last week, Cenatex announced the purchase of 126,630 common shares in Bri-Chem at an average price per share of $0.2825 USD. This strategic acquisition, totaling $35,774.01 USD, bumps Cenatex’s holding in Bri-Chem from 10.119% to 12.106% of the company’s outstanding shares.
Prior to this transaction, Cenatex and its joint actors held 2,674,795 shares. The recent acquisition brings their total holdings to 3,200,000 shares.
Cenatex attributed the purchase to an “investment decision,” but remained tight-lipped about any specific strategic motivations behind the move. The company stated that future actions concerning their Bri-Chem holdings would be steadfast by a variety of factors, including prevailing market conditions. This could perhaps involve further increases or decreases in their stake.
Importantly, Cenatex stressed that any future transactions related to Bri-chem would be conducted in full compliance with applicable securities regulations and without prior public announcements.
About Cenatex Holdings, LLC
Cenatex Holdings, LLC is a privately held company headquartered in Garland, Texas.
About Bri-Chem Corp.
Bri-Chem Corp is a publicly traded Canadian company specializing in the production and distribution of chemicals. Its shares are listed on the Toronto Stock Exchange.