TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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
An update from Vonex Limited ( (AU:VN8) ) is now available.
Vonex Limited has announced that the Supreme Court of New South Wales has approved the convening of a Scheme Meeting and the distribution of a Scheme Booklet as part of its Scheme Implementation Deed with Maxo Telecommunications. This scheme involves Maxo acquiring the remaining issued capital of Vonex that it does not already own. The Independent Expert’s Report, included in 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 Vonex unanimously recommends shareholders vote in favor of the scheme, with the meeting scheduled for September 23, 2025. This development is significant for Vonex’s operations and market positioning, as it could lead to the company’s delisting from the ASX if the scheme is implemented.
More about Vonex Limited
Vonex Limited is a telecommunications innovator listed on the Australian Securities Exchange under the code VN8. The company focuses on providing innovative telecommunications solutions and services, aiming to enhance connectivity and communication for its customers.
Average Trading Volume: 266,801
Technical Sentiment Signal: Buy
Current Market Cap: A$26.34M
For detailed information about VN8 stock, go to TipRanks’ Stock Analysis page.