Australia's Aerometrex sees best day in 3 weeks on contract to sell property

Aerometrex

10/01/2022 02:37

** Shares of aerial mapping business co Aerometrex Ltd
 AMX.AX  rise as much as 3.7% to A$0.705, their biggest intraday
pct gain since Dec. 15, 2021
    ** AMX says its majority-owned unit AMX Capital Pty Ltd has
entered into an unconditional contract of sale to sell and
lease-back its property asset located in Glynde, South Australia
 urn:newsml:reuters.com:*:nFWN2TN0TE
    ** Says net proceeds of sale to co will be A$3.6 mln  ($2.59
mln) 
    ** Adds settlement of sale of the Glynde property is
scheduled to occur by Jan. 31
    ** Stock hits highest level since Dec. 21, 2021
    ** Aerometrex fell ~43.4% in 2021
    



($1 = 1.3902 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))