CloudCoCo Group Announces Change in Shareholding
The technology company has announced a change in its shareholding structure.
The technology company has announced a change in its shareholding structure.
The technology company has announced a change in its major shareholder, with MXC Capital Limited reducing its stake to 0%.
The IT services provider reported a 21% revenue drop and increased losses, despite improved margins. Restructuring efforts and debt repayment were highlighted, but rapid scaling is needed to address ongoing challenges.
The IT services provider reported mixed results, with revenue growth overshadowed by declining profitability and ongoing sector challenges. A major restructuring through asset sales aims to strengthen the balance sheet.
The IT services provider is selling its data centre subsidiary to focus on its core IT value-added reseller and e-commerce businesses.
The IT services provider plans to sell its managed services division and focus on its product reseller business, including the growing e-commerce platform.
Routine board change at IT services provider CloudCoCo.
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