Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Rakon Limited (NZX: RAK) has disclosed that multiple parties expressed interest in acquiring its business. In a market update on Monday, the high-tech manufacturer announced that chair Lorraine Witten will step down at the annual meeting later this year. Rakon also completed a review of its global customer base, resulting in the termination of ties with a Chinese telecommunications infrastructure client, which contributed about 5% to its FY25 revenue. The company said it had strengthened its customer portfolio following the review.
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