Vecima Networks (TSE:VCM) has released an update.
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Vecima Networks Inc. has announced the termination of an asset purchase agreement with Casa Systems, Inc. due to the latter’s cable business assets being sold to another bidder at a U.S. Bankruptcy Court-approved auction. Consequently, Vecima is canceling subscription receipts and will be returning funds to the holders. Vecima is known for its contributions to the development of multi-gigabit networks and broadband services.
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