Netlinkz Ltd. Restructures for Stabilization and Growth

Tip Ranks
2024.12.18 00:47
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NetLinkz Ltd. (AU:NET) has announced a restructuring plan aimed at stabilizing its business by cutting costs and focusing on its VSN and lawful interception services. The company is receiving extended support from lenders and has formed a new joint venture in the Philippines, while winding down operations in China. Shareholders can anticipate updates on relisting efforts in early 2025.

NetLinkz Ltd. (AU:NET) has released an update.

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Netlinkz Ltd. has taken strategic steps to stabilize its business amid challenging conditions by reducing costs and focusing on its VSN and lawful interception services. With extended support from lenders and a new joint venture in the Philippines, the company is poised for growth, while winding down operations in China to streamline its focus. Shareholders can expect further updates on the company’s relisting efforts in early 2025.

For further insights into AU:NET stock, check out TipRanks’ Stock Analysis page.

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