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Zoom2u Technologies Ltd. ( (AU:LOC) ) has issued an update.
Locate Technologies Limited has dispatched its Scheme Booklet to shareholders as part of a proposed scheme of arrangement, where Locate NZ will acquire all issued shares, becoming the new parent company. The Board recommends shareholders vote in favor of the scheme, with a virtual meeting scheduled for December 1, 2025, to finalize the decision. This move is expected to streamline the company’s operations and potentially enhance its market position.
More about Zoom2u Technologies Ltd.
Locate Technologies leverages AI, cloud infrastructure, and SaaS technology to enhance last-mile delivery and logistics operations. The company offers platforms such as Locate2u, Zoom2u, and Shred2u, providing scalable solutions for delivery management, route optimization, and real-time visibility for businesses of various sizes.
Average Trading Volume: 267,767
Technical Sentiment Signal: Sell
For detailed information about LOC stock, go to TipRanks’ Stock Analysis page.