Jet Freight Logistics Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
JETFREIGHT · price
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On 28th August 2025, the Board of Directors of Jet Freight Logistics Limited approved an amendment to the Object Clause of the company's Memorandum of Association, subject to shareholder approval at the upcoming Annual General Meeting. The new Clause 5 adds a wide-ranging general trading business as a permitted activity, covering buying, selling, importing, and exporting of all types of goods including machinery components, automobile parts, food items, textiles, electronics, household goods, and more. It also permits trading through e-commerce platforms, websites, mobile applications, and online marketplaces. Additionally, the new clause allows the company to offer related ancillary services such as logistics, warehousing, fulfillment, digital payment processing, and customer support. This marks a significant diversification of the company's permitted business activities beyond its core freight logistics operations.
If shareholders approve this change at the AGM, the company gains the legal ability to enter general trading and e-commerce, potentially opening new revenue streams but also shifting away from its core logistics focus. Investors should watch for further announcements detailing actual business plans under these new objects.