New Zealand's Asset Plus hits over 9-month peak on shopping centre sale

Asset Plus

22/02/2021 03:37

Feb 21 (Reuters) -    ** Shares of property investor Asset
Plus Ltd  APL.NZ  rise as much as 7.1% to NZ$0.375, their
highest since May 12
    ** Sells Eastgate shopping centre in Christchurch for
NZ$43.45 mln ($31.76 mln) to a private investor  urn:newsml:reuters.com:*:nFWN2KQ036
    ** To use proceeds to repay debt; expects total banking
facility limits to reduce to NZ$90 mln from NZ$130 mln following
the sale
    ** Stock posts biggest intraday percentage gain since Sept 1
    ** About 3.2 mln shares change hands, compared with the
30-day average volume of 367,081 shares