Australia's Butn rises on selling non-core smash repair factoring business

Butn

02/07/2026 04:37

** Shares of Butn BTN.AX rise as much as 33.3% to A$0.02, their highest level since  May 28
** On track to log its steepest intraday pct gain since March 11, 2024
** Business-to-business funder sells non-core smash repair factoring business
for A$4.1 million with Working Capital Finance ($2.82 million)
** Smash repair factoring business represents ~2.5x gross revenue
** Down ~78% YTD, including the session's moves
     
($1 = 1.4522 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))