Vonex Limited (AU:VN8) has released an update.
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Vonex Limited’s substantial holder, Maxo Telecommunications Pty Ltd, has increased its voting power in the company from 48.27% to 50.21% by acquiring additional shares. This development comes as part of MaxoTel’s on-market takeover bid to gain control of all ordinary shares in Vonex not already owned by them. Investors may find this move noteworthy as it signals MaxoTel’s strategic interest in consolidating its influence over Vonex.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.