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Zoom2u Technologies Ltd. ( (AU:LOC) ) just unveiled an announcement.
Locate Technologies Limited, listed on the ASX, has announced a significant development regarding its proposed acquisition by Locate NZ, a New Zealand-incorporated company. The acquisition will be executed through a scheme of arrangement, pending approval from the shareholders at a meeting scheduled for December 1, 2025. The subsequent court hearing for the scheme’s approval is set to occur on the same day at the Supreme Court of New South Wales. Shareholders have the opportunity to participate in the hearing and express any opposition. This acquisition, if approved, could have substantial implications for Locate Technologies’ strategic direction and market positioning.
More about Zoom2u Technologies Ltd.
Average Trading Volume: 248,791
Technical Sentiment Signal: Sell
See more insights into LOC stock on TipRanks’ Stock Analysis page.