Australia's Eureka Group soars to 7-wk high after peer buys stake

Eureka group

14/12/2022 03:11

** Shares of property manager Eureka Group Holdings  EGH.AX 
rise as much as 16.1% to A$0.505, their highest level since Oct.
26
    ** Peer Aspen Group  APZ.AX  says it bought a 13.7% stake in
Eureka Group for A$16.1 million
    ** Aspen Group shares also up as much as 2.6%
    ** EGH down 37.5% YTD, as of last close
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))