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Tech & Innovation
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QEX Logistics reports $4m theft in China

The loss of inventory from a Shanghai warehouse will affect QEX’s financial covenants.

Geraden Cann Wed, 28 Oct 2020

QEX Logistics Limited has reported the theft of $4 million of inventory from a Shanghai warehouse.

The logistics company said in a statement to the NZX that the loss would have a material impact on the company’s financial performance, gross margin, ebitda, and net profit this year if the items

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QEX Logistics reports $4m theft in China
Tech & Innovation,
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