Australia's Beston Global Food climbs on securing supply deal in Thailand

Beston Global Food

23/06/2022 02:05

** Shares of dairy supplier Beston Global Food Company
 BFC.AX  rise as much as 28.1% to A$0.073, on track for their
biggest intraday percentage gain since June 2020 
    ** Co signs memorandum of understanding (MoU) with
Thailand-based KCG Corp for the supply of dairy, meta and
alternative meat products into Thailand  urn:newsml:reuters.com:*:nASXbVQt76
    ** Co says KCG Corp will also subscribe for 103.6 mln shares
in Beston for A$10 mln ($6.91 mln) 
    ** Stock hits highest since June 16 
    ** BFC is down 20.8% this year, as of last close 


($1 = 1.4470 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))