- Brand protection company YPB Group (YPB) has entered back-to-back trading halts today as it prepares to launch a fresh capital raising plan
- The company has not yet said how much it plans to raise or for what it will be using the fresh funding
- The raise comes soon after YPB struck three important deals to get its anti-counterfeit tech in the door of Indian and Thai markets
- Since September 30, YPB has signed contacts with India's Optimum Interface Consulting and Thailand's Specific Products and Jirawattano
- At the end of June, YPB had cash and cash equivalents of $526,000 after posting a half-yearly loss after tax of $1.7 million
- YPB shares last traded for 0.4 cents each yesterday afternoon and are slated to resume trading again next Wednesday, October 21
Brand protection company YPB Group (YPB) has entered back-to-back trading halts today as it prepares to launch a fresh capital raising plan.
The company has not yet revealed how much it plans to raise or where the new funds will go, but shares are slated to resume normal trade on Wednesday, October 21.
The capital raise comes soon after YPB landed three important contracts to break into the Indian and Thailand markets for anti-counterfeit technology.
In late September, YPB struck a deal India's Optimum Interface Consulting (OIC), which provides risk mitigation services to major brands across the pharmaceutical sector, electrical sector, IT sector, banking sector, and much more. Under the three-year deal, YPB's anti-counterfeit tech would be promoted and sold to OIC's customers in return for a 12 per cent commission.
On Tuesday, YPB told shareholders it had signed another of these three-year deals with Bangkok-based Specific Products to have the YPB brand protection services promoted and sold to Specific Products customers — a large portion of which are tobacco and tax stamp businesses.
Just one day later, YPB got a foot in the door of the Thai consumer market through a similar deal with Jirawattano, also based in Bangkok.
Thus, the company has clearly been setting itself up for growth with these contracts — whether or not investors support YPB's plans will be revealed in the capital raise.
At the end of June, YPB had cash and cash equivalents of $526,000 after posting a half-yearly loss after tax of $1.7 million.
Shares in YPB last closed for 0.4 cents each yesterday afternoon. The company has an $11.7 million market cap.