Rakon in Discussions for Buy-out of Centum Rakon India
27 February 2018
Rakon today announces that it is in advanced discussions with Centum Electronics Limited (“Centum”) to buy out their 51% shareholding in the India based company Centum Rakon India Private Limited (“CRI”) (“proposed transaction”). Rakon today has a 49% shareholding in CRI, the operation of which is a core part of Rakon’s manufacturing strategy.
Rakon releases small form factor OCSOs for instrumentation, RADAR and electronic defense systems
Rakon has released new Oven Controlled SAW Oscillators in a miniature 25.4 x 22 x 12.7 mm SMD package, currently available in 400MHz, 500MHz, 600MHz, 800MHz, 1GHz and 1.2GHz and all designed to be soldered by reflow.
This product series is designed for ground-based and shipboard RADAR, test equipment, and airborne systems where size and weight are critical.
Rakon HY2018 Result Announcement & Investor Presentation
16 November 2017
Rakon Limited (RAK) released its preliminary result announcement for the half year ended 30 September 2017 to the market at around 9.00am on Thursday 16 November 2017. This was followed by a presentation by management at 11.00am by teleconference.
Rakon realises gain on partial sale of Thinxtra investment
12 October 2017
Rakon today announces the sale of 199,242 shares it holds in the Australian internet-of-things (IoT) company, Thinxtra Pty Limited. The total consideration received will be AUD 3.0 million, netting to around AUD 2.8 million after costs.
The sale of shares is conditional upon the completion of Thinxtra’s pre-emptive rights process for all shareholders. This process is expected to conclude by the end of November.