Australia's PARKD Ltd jumps on entering deal for car parks construction

Axtec

03/08/2021 02:15

** Shares of PARKD Ltd  PKD.AX  rise as much as 67.6% to
A$0.062, their biggest intraday pct gain since Feb 9
    ** Construction technology co enters heads of agreement with
Axiom Properties  AXI.AX  for developing and constructing car
parks nationally  urn:newsml:reuters.com:*:nASX6sYmjN
    ** Under terms of deal, PARKD to provide fully funded
multi-level car parking projects to the private and public
sectors
    ** HOA is for a term of 18 months
    ** Stock climbs to its highest levels since May 7
    ** About 11.1 mln shares change hands, compared with the
30-day average volume of 123,000 shares
    ** Stock had risen 10.3% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))