FMA looks into VMob disclosures on share placement and global deal

Tue, 27 Jan 2015

By Fiona Rotherham Jan. 28 (BusinessDesk) - The Financial Markets Authority is looking into disclosures this week by NZAX-listed VMob Group relating to a $2.17 million private share placement announced shortly after a global deal with fast food chain McDonald’s. Early on Monday it announced a commercial deal, the terms of which were undisclosed, to provide its cloud-based customer engagement platform to McDonald’s restaurants globally, with an immediate roll out in the large US market. It built on an existing relationship the company had...

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