Australia's Acumentis hits 2-1/2-year low on discounted share placement

Acumentis

02/02/2023 04:03

** Shares of Australia's Acumentis Group Ltd  ACU.AX  fall
as much as 1.3% to A$0.078
    ** Stock hits lowest level since June 29, 2020 
    ** Independent property valuation co says raising about A$2
mln ($1.43 mln) in a share placement 
    ** Issue price of A$0.07 per share is at a discount of 11.4%
to stock's last close   
    ** Stock had fallen 8.1% this year, as of last close
($1 = 1.4004 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))