Australia's Activeport Group falls on discounted placement
BUZZ-Australia's Activeport Group falls on discounted placement ** Shares of Australia's Activeport Group ATV.AX fall as much as 11.1% to A$0.016, hitting their lowest level in a week
** Network automation software solutions provider receives firm commitments to raise A$3.6 million ($2.51 million) via placement
** Issue price of A$0.015 per share, a 16.7% discount to last close
** Placement to strengthen co's balance sheet to support growth strategy
** Stock down 10.5% YTD, including session's moves
($1 = 1.4339 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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Australia's Activeport Group falls on discounted placement