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Vonex Limited ( (AU:VN8) ) just unveiled an announcement.
Vonex Limited has announced the registration and dispatch of its Scheme Booklet by the Australian Securities and Investments Commission, as part of a Court-approved scheme of arrangement with Maxo Telecommunications. This scheme involves MaxoTel acquiring the remaining issued capital of Vonex that it does not already own. The Independent Expert’s Report within the Scheme Booklet concludes that the scheme is fair, reasonable, and in the best interest of Vonex shareholders, provided no superior proposal arises. The Board of Directors unanimously recommends shareholders vote in favor of the scheme, with a meeting scheduled for September 23, 2025, to finalize the decision.
More about Vonex Limited
Vonex Limited operates in the telecommunications industry, focusing on innovative communication solutions. The company provides a range of telecommunication services and products, catering to both individual and business clients, with a market focus on enhancing connectivity and communication efficiency.
Average Trading Volume: 270,040
Technical Sentiment Signal: Buy
Current Market Cap: A$26.34M
See more insights into VN8 stock on TipRanks’ Stock Analysis page.