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Vonex Limited ( (AU:VN8) ) just unveiled an announcement.
Vonex Limited has experienced a shift in substantial holdings, with Maxo Telecommunications Pty Ltd acquiring additional shares through an on-market takeover bid. The move increases MaxoTel’s voting power from 55.43% to 58.60%, indicating a strategic consolidation of control over Vonex Limited. This acquisition of shares by MaxoTel is part of a broader takeover bid to gain further influence and control within the company, potentially impacting the company’s governance and strategic direction.
More about Vonex Limited
YTD Price Performance: 10.0%
Average Trading Volume: 2,138,049
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$16.56M
Learn more about VN8 stock on TipRanks’ Stock Analysis page.