ARN Media set for best day in 2-weeks on Cody Hong Kong divestment

ARN Media

01/07/2026 05:37

** Shares of Australia's ARN Media A1N.AX rise as much as 10.2% to A$0.27, their highest level since June 23
** Set to log its best session since June 17
** Entertainment co said on Tuesday it entered into an agreement to sell its Hong Kong out-of-home advertising business, Cody Outdoor International (Hong Kong) and Buspak Advertising (Hong Kong)
** To sell it to DFI Retail Group for A$5.6 million ($3.86 million)
** Down ~33% YTD, including the session's moves
     
($1 = 1.4522 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))