MOQ ceases ASX trading
MOQ will officially delist from the Australian Securities Exchange (ASX) on 21 November following its $23 million acquisition by Brennan.
MOQ will officially delist from the Australian Securities Exchange (ASX) on 21 November following its $23 million acquisition by Brennan.
The overwhelming majority of MOQ’s shareholders have voted in favour of Brennan’s acquisition of the publicly listed IT services provider, taking the deal to its next stage.
Brennan’s acquisition of MOQ Limited has progressed to the next stage, with the latter company gaining the green light to hold a shareholder vote.
Numerous companies were impacted by the ongoing pandemic during FY22. Some took up restructuring and the cloud, but for a few, it wasn’t enough to make a profit.
MOQ Limited has seen its revenue rise 18 per cent to $81.9 million while net profit after tax was $6.4 million in the red for the financial year, ending 30 June.
Atturra has fired back against Brennan IT in the fight to acquire MOQ, this time stepping its bid up to approximately $21.7 million.
Publicly listed MOQ Digital has confirmed Brennan IT as the mysterious superior bidder for the organisation as the acquisition race heats up.
Publicly listed MOQ Digital has confirmed it has received a superior bid by an unnamed third party, offering $0.066 cash per share, valuing the business at about $20.5 million.
Atturra has put in a bid to fully acquire publicly listed IT services provider MOQ Limited for $15 million in a move that could create "one of Australia’s largest IT services businesses".
Publicly listed MOQ Limited is to conduct a review of its professional services business and operations following a $3.5 million write-off.
MOQ Limited chief executive officer Joe D’Addio has resigned from the company after more than six years.
MOQdigital has picked up NTT’s global senior vice president, Peter Menadue, to focus on its Microsoft business.
MOQ Limited is set to double down on digital services and cyber security acquisitions in the new financial year as it comes out of FY21 with its post-tax losses slashed by 93 per cent.
Publicly-listed IT services provider MOQ Limited has bought Perth-based Citrix Gold partner Dienst Consulting for $3.78 million.
MOQ Limited has enjoyed a substantial turnaround in net profit for the six months ending 31 December last year, the earnings increase coming as the company ramps up its digital services play.