Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Vonex Limited ( (AU:VN8) ) just unveiled an announcement.
Vonex Limited has initiated a partially underwritten pro-rata non-renounceable Entitlement Offer, opening today and aiming to raise approximately $13.9 million by offering one new share for every existing share at $0.037 per share. This move is aligned with Vonex’s strategic focus on scaling its telecommunications offerings and pursuing growth opportunities, which could potentially strengthen its market position and benefit stakeholders.
More about Vonex Limited
Vonex Limited is an award-winning telecommunications service provider offering mobile, internet, traditional fixed lines, infrastructure solutions, and hosted PBX and VoIP services primarily to small to medium enterprises. The company also engages in technology development within the telecommunications industry, such as a cloud-hosted PBX system, and provides wholesale services to internet service providers. Vonex pursues a disciplined M&A growth strategy targeting profitable IT and telecommunications businesses.
YTD Price Performance: -13.95%
Average Trading Volume: 2,394,306
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$27.85M
See more insights into VN8 stock on TipRanks’ Stock Analysis page.
