Australia's Event Hospitality & Entertainment surges on Sydney property sale

EVT

27/05/2022 06:28

** Shares of the hospitality and entertainment provider
 EVT.AX  climb as much as 2.2% to A$14.760 
    ** Event Hospitality & Entertainment signs deal for the sale
of its property Rydges North Sydney with JD North Sydney
Services and JD North Sydney Business for A$75 mln ($53.55
mln) urn:newsml:reuters.com:*:nFWN2XI0ZH
    ** Says property for sale had previously been identified for
capital refurbishment if it was to be retained by the group 
    ** Still, shares on track for their worst week since the
start of May
    ** Stock down 2.2% this year, as of last close, vs a 4.6%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

     ($1 = 1.4006 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))