Connxion scraps deal with First Capital Partners

Connxion scraps deal with First Capital Partners

Data and transaction services company Connxion Limited (ASX:CXN) has terminated its investment management agreement with First Capital Partners (FCP).

Connxion said the cancellation has been mutually agreed on as the company nears the completion of a restructuring process.

FCP intends to remain a significant shareholder in Connxion going forward and provide strategic advice as required. CXN shares stayed flat on Monday at $0.012.

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Tags investmentConnxionbusiness dealsASX:CXNFirst Capital Partners

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