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Vonex Limited ( (AU:VN8) ) has provided an update.
Maxo Telecommunications Pty Ltd, a telecommunications company, has increased its stake in Vonex Limited through on-market acquisitions, now holding 55.43% of the voting power in the company. This strategic maneuver involves MaxoTel acquiring additional shares to strengthen its control and influence over Vonex Limited, potentially impacting stakeholders by consolidating MaxoTel’s position as a dominant shareholder.
More about Vonex Limited
YTD Price Performance: 10.0%
Average Trading Volume: 2,073,148
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$16.93M
See more insights into VN8 stock on TipRanks’ Stock Analysis page.
