- SG Fleet Management bought $1.74 million worth of Collaborate shares and will have a 13.70 per cent interest in the company
- It comes after Collaborate Corporation raised $2.2 million during a recent share placement
- In addition to the placement, SG will provide Carly with 100 vehicles, with a significant number of vehicles to be supplied if the demand is there
- Funds from this placement will be used to fund the continued growth of the Carly and its rental business DriveMyCar
- Collaboration Corporation is up 7.14 per cent on the market today and is trading at 1.5¢ apiece
Click here for the entire article on The Market Herald
Add to My Watchlist
What is My Watchlist?