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Webcentral Ltd ( (AU:5GN) ) has shared an announcement.
5G Networks Limited has announced a significant development in its takeover bid for AuCyber Limited, having acquired a substantial stake that increases its voting power in AuCyber to over 50%. As a result, the offer period for the takeover has been automatically extended, allowing shareholders to accept the offer until February 17, 2025. This move strengthens 5GN’s position in the digital services industry and could impact stakeholders by enhancing its market influence and service capabilities.
More about Webcentral Ltd
5GN is an Australian-owned digital services company that supports over 2,500 corporate clients. It offers a broad range of digital services including cloud, data networks, data centers, managed IT services, and digital marketing. The company operates a nationwide and international high-speed data network and provides managed cloud solutions and services to enhance IT and network environments. 5GN’s data centers are located in major Australian cities, providing significant rack capacity.
YTD Price Performance: -18.75%
Average Trading Volume: 6,602
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.94M
For detailed information about 5GN stock, go to TipRanks’ Stock Analysis page.
