13/08/2013 - 14:16

CTI Logistics announces $5.6m raising

13/08/2013 - 14:16

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CTI Logistics announces $5.6m raising

Transport and warehousing company CTI Logistics has raised $5.6 million to fund equipment acquisitions for new projects.

Perth-based CTI announced today it had placed just over 3 million of its shares with institutional investors, at an issue price of $1.85 per share.

“The funds raised will be used the help fund equipment for new projects in both contract fleet management and warehousing,” the company said in a statement.

At close of trade today, CTI shares were up 0.27 per cent, at $1.85. 

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