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The latest update is out from 1st Group Ltd. ( (AU:VFX) ).
Visionflex Group Limited announced a significant financial restructuring by converting $3.25 million of debt into equity, effectively eliminating all outstanding debt and simplifying its capital structure. This move positions the company to pursue growth opportunities in the virtual care economy, with a focus on increasing its annual recurring revenue through new services like Enablement Services and Vision Home, which aim to deepen industry engagement and expand into the in-home care sector.
More about 1st Group Ltd.
Visionflex Group Limited is a leader in virtual healthcare technology, focusing on providing innovative solutions for connected care. The company is involved in the virtual care economy, offering services and products that enhance healthcare delivery through technology.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.76M
For an in-depth examination of VFX stock, go to TipRanks’ Overview page.