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Vonex Limited ( (AU:VN8) ) has shared an update.
Vonex Limited has successfully implemented a Scheme of Arrangement, resulting in the transfer of all its shares to Maxo Telecommunications Pty Ltd. Shareholders recorded on the Scheme Record Date received a payment of A$0.036 per share. Following this, significant changes in the company’s board have been announced, with most directors resigning and new appointments made. Additionally, Vonex’s shares have been suspended from trading on the ASX and the company is set to be delisted, marking a significant transition in its corporate structure and market presence.
More about Vonex Limited
Vonex Limited is a telecommunications company that provides infrastructure solutions and hosted PBX and VoIP services, primarily targeting small to medium enterprises. The company also develops new telecommunications technologies and offers wholesale services to internet service providers, including access to PBX systems, 4G mobile broadband, and call termination services.
Average Trading Volume: 82,861
Technical Sentiment Signal: Hold
Current Market Cap: A$26.34M
For detailed information about VN8 stock, go to TipRanks’ Stock Analysis page.