Australia's Fatfish Blockchain rises, Sweden's Abelco exits QuickBit

Abelco Investment AB

11/05/2020 03:59

** Shares of Fatfish Blockchain Ltd  FFG.AX  rise as much as
25% to A$0.01, their highest since Feb 19
    ** Financial tech co says Swedish construction machinery co
Abelco Investment Group AB  ABIGR.NGM  sells its entire
shareholding in payment services co QuickBit AB  QBIT.NGM 
 urn:newsml:reuters.com:*:nFWN2CQ0ZV
    ** Fatfish owns a majority stake in Abelco, says Abelco sold
interest in QuickBit for about A$8.7 mln ($5.70 mln) 
    ** Stock posts its biggest intraday percentage gain since
April 8
    ** About 10.8 mln shares change hands, compared with the
30-day average of about 1.8 mln shares
    ** Stock down 20% this year, as of last close

($1 = 1.5251 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))