Australia's DXN climbs on signing distribution deal with peer firm
28/11/2022 01:04
** Shares of modular data centre operator DXN Ltd DXN.AX
rise as much as 33.3% to A$0.006, marking their best intraday
percentage gain since Aug. 9
** Co has entered into an exclusive global (excluding
Australia) distribution licence agreement with peer Flow2Edge
Holdings, targeting the international export market for DXN data
centre modules urn:newsml:reuters.com:*:nASX7FR5hW
** Flow2Edge will pay DXN A$2.0 mln ($1.34 mln) in
exclusivity and licensing fees
** About 17.8 mln shares change hands compared with a 30-day
average of 2 mln shares
** Stock hits highest since Oct. 26
** Stock down 50% this year, as of last close
($1 = 1.4888 Australian dollars)
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))