Australia's DXN loses most in over a month on discounted placement
09/06/2026 06:34
BUZZ-Australia's DXN loses most in over a month on discounted placement ** Shares of Australia's DXN Ltd DXN.AX fall as much as 22.9% to A$0.135, its biggest intraday pct loss since April 22
** The data centre manufacturer says it would raise A$7 million ($4.94 million) through placement
** Offer price of A$0.13/share represents a 25.7% discount as of firm's last close
** Says proceeds from placement will fund delivery and/or manufacture of the AI HPC contract, the scale-up of the co's manufacturing capacity in Southeast Asia, including others
** YTD, stock up more than 250%, including day's moves
($1 = 1.4176 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)