SG Fleet Brought Strategic Stake in Collaborate

  • Nov 14, 2019 AEDT
  • Team Kalkine

SG Fleet Group Limited (ASX: SGF), a fleet management company, has brought a strategic stake in Collaborate Corporation Limited (ASX: CL8) for a combined value of $2.2 million in the form of equity placement at an average price of $0.014 per share.

As per the agreement, SG Fleet will also provide vehicles to Collaborate to accelerate further growth in the Carly business, subject to demand and economic return.

At AEST 12:56PM, the stock was trading at $2.705 per share, up by 0.933% from its previous close.


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