Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest announcement is out from Vonex Limited ( (AU:VN8) ).
Vonex Limited announced that its shareholders have overwhelmingly approved a scheme of arrangement for Maxo Telecommunications Pty Ltd to acquire all remaining shares in Vonex. With 99.6% of votes in favor, the scheme is set to proceed pending court approval, leading to Vonex’s delisting from the ASX and a cash consideration for shareholders. This acquisition marks a significant transition for Vonex, potentially enhancing its market position and operational capabilities under MaxoTel’s ownership.
More about Vonex Limited
Vonex Limited is a telecommunications company that provides infrastructure solutions, hosted PBX, and VoIP services primarily to small to medium enterprises. The company also offers wholesale services to internet service providers, including access to its core PBX, 4G mobile broadband, and call termination services.
Average Trading Volume: 253,768
Technical Sentiment Signal: Buy
Current Market Cap: A$26.72M
Find detailed analytics on VN8 stock on TipRanks’ Stock Analysis page.