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YPB Group in back-to-back trading halt ahead of capital raising news

The company’s new partner, Jirawattano Co Pty Ltd, will determine and source the best fit and best value products from printers and packaging suppliers as part of the recently secured Master Service Agreement.

YPB Group Ltd -
YPB has experienced an increase in awareness of its products due to the e-commerce and export impacts of the COVID-19 pandemic

YPB Group Ltd (ASX:YPB) has been granted a back-to-back trading halt by the ASX ahead of a capital raising announcement.

Unless ASX decides otherwise, the securities will remain halted until the beginning of normal trading on Wednesday, October 21, or when the announcement is released to the market.

MSA with Jirawattano

The company recently secured a Master Service Agreement (MSA) with a third channel partner in Thailand, Jirawattano Co Ltd, offering the company immediate access to a broad range of consumer goods industries that produce high-volume products.

This MSA is for a three-year term and gives Jirawattano the right to promote and sell YPB’s product authentication technologies to its existing customer base and new potential customers in Thailand.

It confirms that YPB is making rapid progress in Thailand with its market entry plan.

The new channel partner serves a broad range of consumer goods producers and its clients hold the prospect of yielding meaningful, recurring volumes for YPB’s solutions – although any assessment of such possible volumes is not able to be quantified.

Quick facts: YPB Group Ltd

Price: 0.0025 AUD

ASX:YPB
Market: ASX
Market Cap: $10.57 m
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YPB Group's John Houston welcomes two further channel partners in Thailand

YPB Group Ltd's (ASX:YPB) John Houston speaks to Proactive's Andrew Scott after announcing they've secured a Master Service Agreement (MSA) with a third channel partner in Thailand, Jirawattano Co Ltd, offering the company immediate access to a broad range of consumer goods industries that...

on 14/10/20

2 min read