Orcoda Healthcare announces Vehicle Subscription Agreement with Carbar

  • Dec 17, 2019 AEDT
  • Team Kalkine
Orcoda Limited (ASX: ODA) announces that the company entered into a Vehicle Subscription Agreement with Carbar through its wholly-owned subsidiary- Orcoda Healthcare Logistics, to provide Toyota Prius V Hybrid Wagons on a subscription basis.
  • The deal would assist Orcoda to expand its fleet as demand dictates in each State or Territory of Australia. The company currently has 12 vehicles in its fleet and will need to substantially increase the vehicle fleet across Australia to meet the fast-growing demand.
  • Carbar is a digital car subscription business that is majority-owned by Australia’s largest general insurer IAG.
  • The stock was trading 6.81 per cent down against its previous close on ASX (as on 01:36 AEDT).

 

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