Australia's Fatfish Group jumps on acquisition of Jazzypay

Fatfish

19/04/2022 03:34

** Shares of Fatfish Group  FFG.AX  rise as much as 21.1% to
A$0.046, hitting highest since March 7
    ** Tech venture firm set for best day since Nov. 18 if gains
holds
    ** Co says its unit will acquire 87.4% stake of Philippines
digital payments provider JazzyPay Inc  urn:newsml:reuters.com:*:nFWN2WF02N
    ** FFG's unit to buy JazzyPay for $1.57 mln
    ** Trading volumes are 7 times compared with the 30-day
average of 1.6 mln shares 
    ** FFG has fallen 22.5% so far this year, as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))