VMob [NZAX: VML] Group said McDonald's will use its mobile voucher platform for its 3,200 restaurants in Japan, adding to sales to the fast-food giant in the Netherlands and Sweden.
Shares of the NZAX-listed company jumped 25 percent to 1.5 cents, valuing the company at $18.9 million, having shed about 53 percent this year.
Auckland-based VMob completed a backdoor listing on to the stock exchange's small-cap NZAX in 2012 using the shell company Velo Capital. Since then it has regularly raised capital by issuing shares, and currently has about 1.26 billion on issue. The company is about one-third owned by the family of chief executive Scott Bradley.
VMob, formerly VoucherMob, was set up in 2010 by Bradley. Other customers include Esso Norway, Spark, Vodafone and 2Degrees, and it has a partnership with Loyalty New Zealand for its Fly Buys mobile programme.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Appeal to 'natural justice' in Sky-Vodafone case
- TVNZ first-half earnings drop as ad revenue falls faster than expenses
- NBR VIEW: Screw the golfers, let's build houses instead – Green MP
- IAG warns $117m Kaikoura quake cost puts acid on risk pricing
- Dunedin Mayor Dave Cull talks to Cadbury owners over factory closure
Most listened to
- Hotels expert Dean Humphries explains why the council's proposed 150% rates increase will hit the accommodation sector hard
- International Energy Agency head Fatir Birol predicts the outlook for oil prices
- Cameron Officer on the used car market giving new cars a run for their money
- Heartland Bank CEO Jeff Greenslade on results, new products and margins
- Rob Hosking on the challenge Steven Joyce has put forward to public servants