Australia's Electro Optic Systems down 15% over loan dispute in contract

Electro Optic Systems Holdings

09/10/2023 04:35

** Shares of Australian technology company Electro Optic
Systems  EOS.AX  down 14.5% to A$0.885, marking their biggest
intraday pct fall since May 9
    ** EOS at its lowest level since Sept. 4 
    ** Co says it is in commercial dispute with lender
Washington H. Soul Pattinson  SOL.AX  over disagreement in terms
under a customer contract 
    ** Adds, received demand for payment of A$4.5 mln ($2.87
mln) fee within 7 days from investment firm SOL 
    ** Over ~1.3 mln shares change hands as of 0329 GMT vs the
30-day average volume of ~416,963 shares 
    ** EOS up 113.4% YTD, as of last close

($1 = 1.5704 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))