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QEX to raise up to $4m to help fund Australian expansion

Staff reporters
Mon, 04 May 2020

QEX Logistics plans to raise up to $4 million at a 28.6 percent discount to help fund its growth plans, such as beefing up its Australian operations.The logistics company wants to raise $3 million in a share purchase plan to existing investors, with scope to accept another $1 million in oversubscriptions. The shares will be sold at 60 cents apiece, a discount to Friday’s closing price of 84 cents.The funds raised will go towards supporting growth in Australia and China, developing markets in other countries, making acquisitions, and provi...

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