NZ's Cavalier Corp jumps on deal to sell and leaseback Auckland property

Bremworth

02/09/2020 01:42

** Shares of wool and carpet company Cavalier Corporation
Ltd  CAV.NZ  gain as much as 13.9% to NZ$0.370, their highest
since Aug. 3
    ** Cavalier says it made deal with Kinleith Land &
Infrastructure Limited and/or nominee to sell and leaseback a
property in Auckland for NZ$24 MLN ($16.23 mln)  urn:newsml:reuters.com:*:nFWN2FY0JE
    ** Stock posts its biggest intraday percentage gain since
Aug. 5
    ** Stock up 1.6% this year, as of last close
($1 = 1.4784 New Zealand dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))