Vonex Limited (AU:VN8) has released an update.
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Maxo Telecommunications Pty Ltd has increased its stake in Vonex Limited through a series of on-market acquisitions, boosting its voting power from 27.19% to 28.50%. The latest transactions, part of an ongoing takeover bid, involved purchasing over 4 million ordinary shares at $0.044 per share. This strategic move signifies MaxoTel’s commitment to expanding its influence within Vonex, potentially impacting the company’s future direction.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.