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An update from Vonex Limited ( (AU:VN8) ) is now available.
Vonex Limited announced the termination of its Scheme Implementation Deed with Maxo Telecommunications, following the receipt of necessary orders from the Supreme Court of NSW. This decision to discontinue the proposed scheme was formalized with the lodging of relevant documents with ASIC, marking a significant shift in Vonex’s strategic direction.
More about Vonex Limited
Vonex Limited is a leading telecommunications service provider, offering a range of mobile, internet, traditional fixed lines, infrastructure solutions, and hosted PBX and VoIP services. It primarily caters to small to medium enterprises (SMEs) and develops new technologies in the telecommunications industry, including a cloud-hosted PBX system. The company also provides wholesale access to its services and is pursuing a growth strategy through mergers and acquisitions in the IT and telco sectors.
YTD Price Performance: 0%
Average Trading Volume: 2,158,383
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$16.56M
Find detailed analytics on VN8 stock on TipRanks’ Stock Analysis page.
