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Wiseway Group Ltd. ( (AU:WWG) ) just unveiled an announcement.
Wiseway Group Limited has announced a strategic transaction to regain 100% ownership of its U.S. operations by exchanging its stake in KWT International Inc. for the minority shareholder’s 49% stake in Wiseway USA. This move aims to streamline Wiseway’s U.S. operations, eliminate internal conflicts, and enhance focus on its core logistics services, particularly in the U.S. market. The transaction is expected to complete within 30 days and will allow Wiseway to fully integrate and optimize its U.S. operations, despite an anticipated short-term reduction in U.S. revenue. The company expects overall growth driven by new client partnerships and expanded eCommerce logistics capabilities.
The most recent analyst rating on (AU:WWG) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Wiseway Group Ltd. stock, see the AU:WWG Stock Forecast page.
More about Wiseway Group Ltd.
Wiseway Group Limited (ASX: WWG) is a leading provider of integrated logistics solutions, with a global network of strategically located warehouses and facilities, and a large modern fleet of trucks, aircraft, and delivery vehicles. Established in 2005 to serve the growing Australia-Asia Pacific trade industry, Wiseway has become one of the top three outbound air freight logistics providers in Australia, offering specialist cross-border logistics services including air freight, sea freight, import, domestic transportation, warehousing, and customs clearance.
Average Trading Volume: 35,566
Technical Sentiment Signal: Buy
Current Market Cap: A$43.81M
For detailed information about WWG stock, go to TipRanks’ Stock Analysis page.