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An update from Wiseway Group Ltd. ( (AU:WWG) ) is now available.
Wiseway Group Limited is addressing a compliance issue with the ASX Listing Rule 10.1 regarding its lease arrangements with RFT Investment Management Pty Limited, a related party. The company failed to obtain necessary shareholder approval for lease renewals and entries that exceeded the substantial asset threshold. To remedy this, Wiseway plans to seek shareholder approval and commission an Independent Expert’s Report to ensure fairness. The company assures stakeholders that this issue does not impact its current operations.
More about Wiseway Group Ltd.
Wiseway Group Limited (ASX: WWG) is a leading provider of integrated logistics solutions, specializing in air freight, sea freight, import, domestic transportation, warehousing, and customs clearance. Established in 2005, the company serves the Australia-Asia Pacific trade industry and has become one of the top three outbound air freight logistics providers in Australia, with operation hubs in Australia, the US, and the Asia Pacific.
Average Trading Volume: 47,422
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$29.29M
For a thorough assessment of WWG stock, go to TipRanks’ Stock Analysis page.