Yojee Ltd(ASX: YOJ)
One company that is in the process of conducting an equity raising is this logistics and supply chain management company. Its shares are in a trading halt until Monday while it prepares a share placement. Foster Stockbroking has been engaged as the lead manager of the placement which aims to raise $6 million at a price of 10 cents per share according to the AFR. In addition to this, the shares have been offered with a free one-for-three attaching option exercisable at 15 cents before January 2020. Yojee is raising the funds in order to build out Asia Pacific marketplaces, expand its geographical sales presence, speed up customer adoption and transaction volumes, and provide general working capital.
YOJ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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