Australia's Beamtree set for worst day in 5 months on discounted placement

Beamtree Holdings

29/05/2023 04:56

** Shares of Australia's Beamtree Holdings Ltd  BMT.AX  fall
as much as 8.8% to A$0.260, set to mark worst day since Dec 12,
2022, if losses hold 
    ** Stock hits lowest since March 29  
    ** The healthcare technology co announces an institutional
placement of A$5 mln ($3.39 mln) at A$0.25 per share  
    ** Offer price is a discount of 12.3% to the stock's last
close of co     
    ** Stock down 17.4% this year, as of last close

     ($1 = 1.4743 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))