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1st Group Ltd. ( (AU:VFX) ) has provided an announcement.
Visionflex Group Limited has issued over 812 million new fully paid ordinary shares at a price of $0.004 per share as part of a debt to equity conversion approved at their recent Annual General Meeting. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies a strategic financial restructuring aimed at strengthening the company’s capital structure, potentially impacting its market positioning and stakeholder interests.
More about 1st Group Ltd.
Visionflex Group Limited operates in the healthcare industry, providing an integrated hardware and software platform that enables healthcare providers to deliver comprehensive and collaborative care in real-time, regardless of location. The company focuses on reshaping healthcare delivery by connecting healthcare teams with necessary tools and technology to ensure effective, efficient, and high-quality care.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.03M
For an in-depth examination of VFX stock, go to TipRanks’ Overview page.