BUZZ-Australia's Yojee jumps most in 2 months on tech JV deal

Reuters
02-03
BUZZ-Australia's Yojee jumps most in 2 months on tech JV deal

** Yojee YOJ.AX soars 18.2% to A$0.13

** Stock climbed as much as 22.7% earlier in the day - biggest intraday pct gain since Dec. 3, 2024

** Transport management software provider to set up JV for customs technology with SmartClear and SC Software

** Says JV will license and commercialise SmartClear's customs tech for use within YOJ's logistics software MOSAIC, initially targeting Australian and New Zealand markets

** Adds co will raise A$3.5 mln (~$2 mln) via placement at issue price of A$0.10

** Proceeds will be used to develop, commercialise and market MOSAIC

** YOJ fell more than 15% last month

($1 = A$1.6423)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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