Australia's iCandy Interactive falls after co ends talks with Sweden's Abelco

Abelco Investment AB

05/10/2020 24:51

** Mobile game developer iCandy Interactive Ltd  ICI.AX 
falls as much as 14% to A$0.074, its biggest intraday percentage
drop since July 6
    ** Says it ended all discussions with RightBridge Ventures
AB, unit of Swedish construction machinery maker Abelco
Investment Group AB  ABIGR.NGM , who is also a shareholder in co
 urn:newsml:reuters.com:*:nFWN2GT0LD
    ** iCandy was on a trading halt since Wednesday to announce
developments in relation to a possible co-operation deal with
RightBridge  urn:newsml:reuters.com:*:nFWN2GQ0V9
    ** ICI hits lowest since Sept 25
    ** Stock up nearly three-fold this year, as of last close

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))