YPB Group (ASX:YPB) raises $3.6M to fast track growth

Industrial

ASX:YPB MCAP $8.777M

CEO, John HoustonSource: The Sydney Morning Herald

• YPB Group has raised $3.6 million to accelerate its growth strategy
• Institutional, professional and sophisticated investors have subscribed for over 1.27 billion shares at 0.283 cents each
• YPB plans to use the funds to pursue agreements with new and existing channel partners, allowing the company to build a large customer base with substantial profit potential
• YPB is currently focused on growing its footprint in the Australian, South East Asian and Chinese markets in industries such as alcohol, cannabis, cosmetics and dairy which are affected by counterfeit products
• YPB Group is trading 25 per cent lower at 0.3 cents per share

Read the full article on The Market Herald here: https://themarketherald.com.au/ypb-group-asxypb-raises-3-6m-to-fast-track-growth-2020-10-21/