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

Yojee

03/02/2025 02:30

** 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;))