SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA) notified that its subsidiary Orcoda Transport Logistics Pty Ltd sold 100% of the equity of Smarttrans (HK) Limited for $4,000.
Smarttrans (HK) Limited controlled three further Chinese entities. None of the entities currently trades and hold few assets.
This sale completes the transition of Orcoda Limited to an entirely Australian based transport logistics and transport services company – being a strategy ever since it acquired Resource Connect in 2018.
Orcoda is the leading provider of Artificial Intelligence Solutions (AI) for transport logistics and transport services in road, rail and air.
Leave a Reply