TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
NSX Limited ( (AU:NSX) ) has shared an update.
NSX Limited has announced the approval of a scheme of arrangement where 1001290557 Ontario Inc., a related body corporate of CNSX Markets Inc., will acquire all remaining ordinary shares of NSX. The scheme was overwhelmingly supported by NSX shareholders, with 87.36% of shareholders present and 94.78% of total votes cast in favor. The next steps involve seeking Federal Court approval, after which NSX shares will be suspended from trading and eventually delisted from the ASX. This acquisition is expected to enhance NSX’s market positioning by aligning with CNSX’s operations, potentially impacting stakeholders by consolidating NSX’s market presence under a larger entity.
More about NSX Limited
NSX Limited operates in the financial services industry, primarily focusing on securities exchange services. It is involved in facilitating the trading of securities and is associated with the Canadian Securities Exchange through its connection with CNSX Markets Inc.
Average Trading Volume: 571,765
Technical Sentiment Signal: Hold
Current Market Cap: A$19.63M
For an in-depth examination of NSX stock, go to TipRanks’ Overview page.