Rakon reverses $7.2m one-off gain ahead of full-year results

Technology company Rakon has written $7.2 million off the value of its investment in internet-of-things business Thinxtra ahead of its full-year results announcement on Thursday.

In September, Rakon booked an unaudited $7.2m one-off gain on Thinxtra's value based on a changed accounting

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