Caravelle International Group Signs $25M Supply Agreement To Deliver 50,000 Cubic Meters Of Wood To South Africa
Portfolio Pulse from Benzinga Newsdesk
Caravelle International Group has signed a $25 million supply agreement to deliver 50,000 cubic meters of wood to South Africa.
May 25, 2023 | 1:33 pm
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Caravelle International Group (CACO) signs a $25 million supply agreement to deliver 50,000 cubic meters of wood to South Africa.
The $25 million supply agreement is a significant deal for Caravelle International Group (CACO) and will likely have a positive impact on their revenues. This deal will increase the company's presence in the South African market and may lead to further opportunities. As a result, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100