QEX Logistics Limited (NZX:QEX) has launched a $3 million SPP (Share Purchase Plan) whose issue price consists of a 25.3% discount on the 10-day volume weighted average price.
The funds procured from the SPP will be used towards:
- Developing new logistics opportunities in other countries;
- Supporting Australian and Chinese business growth and expansion;
- Diversifying QEX’s product and services range;
At NZST 01:25 PM, the stock was trading at $0.680 per share, down by 19.05% from its previous close.