QEX Declares the Launching of a $3 million SPP

  • May 04, 2020 NZST
  • Team Kalkine
QEX Declares the Launching of a $3 million SPP

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.

 

 


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