Mega deal falls through as TRS Investments fails to gain shareholder approval for NZX listing of cloud-based storage firm.
TRS Investments has again pushed out its deadline to complete a reverse listing of file storage and encryption firm Mega, this time by another two.
TRS Investments set to acquire Mega for $210m in a strategic move, pivoting to dominate the NZX with a backdoor listing.
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Mega's backdoor listing faces more delays, now set for a late Nov deadline amid regulatory consultations, extending uncertainty for TRS Investments' $210m deal.