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Zoom2u Technologies Ltd. ( (AU:LOC) ) just unveiled an update.
Locate Technologies announced that the Supreme Court of New South Wales has approved a scheme of arrangement, allowing a newly listed New Zealand company, Locate Technologies Limited, to become the new holding company. This legal change will result in the suspension of Locate Technologies shares from the ASX and their subsequent delisting, with the new company’s shares expected to be quoted on the NZX. This restructuring is anticipated to impact the company’s market operations and shareholder arrangements, marking a significant shift in its corporate structure.
The most recent analyst rating on (AU:LOC) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Zoom2u Technologies Ltd. stock, see the AU:LOC Stock Forecast page.
More about Zoom2u Technologies Ltd.
Locate Technologies leverages AI, cloud infrastructure, and SaaS technology to revolutionize last-mile delivery and logistics management. Through platforms like Locate2u, Zoom2u, and Shred2u, the company offers solutions that streamline delivery management, optimize route planning, and improve real-time visibility for businesses of all sizes.
Average Trading Volume: 224,798
Technical Sentiment Signal: Sell
Current Market Cap: A$14.6M
See more data about LOC stock on TipRanks’ Stock Analysis page.