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Yojee Ltd. ( (AU:YOJ) ) has shared an update.
Yojee Limited has issued 37,150,000 new fully paid ordinary shares as part of a capital raising and performance rights exercise, in accordance with Section 708A of the Corporations Act 2001. This move, authorized by the company’s board, reflects Yojee’s compliance with regulatory requirements and strengthens its capital base, which may enhance its operational capabilities and competitive positioning in the logistics sector.
More about Yojee Ltd.
Yojee Limited operates in the logistics industry, focusing on enhancing the reliability, efficiency, and sustainability of contract road transportation networks in the Asia Pacific region. Its primary product, the Yojee Transport Management System (TMS), helps third-party logistics providers manage shipments, assign loads, and track road carriers’ vehicles and drivers in real time.
YTD Price Performance: -3.85%
Average Trading Volume: 290,272
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$34.45M
For a thorough assessment of YOJ stock, go to TipRanks’ Stock Analysis page.
