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The latest announcement is out from Zoom2u Technologies Ltd. ( (AU:LOC) ).
Locate Technologies Limited, listed on the ASX, is transitioning its listing to the New Zealand Exchange through a ‘top hat’ arrangement with a newly incorporated company, Locate NZ. This move involves a scheme of arrangement where Locate NZ will acquire all shares of Locate Technologies, making it a wholly-owned subsidiary. The scheme has received shareholder approval, with 87.27% of shareholders voting in favor. The transition is subject to court approval and other conditions, with the scheme expected to become effective on 11 December 2025, leading to the suspension of Locate Technologies shares on the ASX.
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.
Average Trading Volume: 240,151
Technical Sentiment Signal: Sell
See more insights into LOC stock on TipRanks’ Stock Analysis page.