Vonex Limited Welcomes New Major Shareholder

Vonex Limited (AU:VN8) has released an update.

JPOB Investments Pty Ltd, along with its related entities, has become a substantial holder in Vonex Limited, acquiring an 11.9% stake with 43,115,335 ordinary shares as of September 12, 2024. The shares were partially acquired through debt forgiveness, valued at the market rate during negotiations. Both investment entities are fully owned by the same director, consolidating their position in the telecommunications company.

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