Australia's FBR Ltd rises on deal with Samsung Heavy Industries
16/06/2025 03:31
** Shares of Australia's FBR Ltd FBR.AX rise as much as 20% to A$0.006 ** The robotic tech co signs an engineering service agreement with Samsung Heavy Industries to deliver first phase of a shipbuilding automation project ** FBR to receive $150,000 along with reasonable expenses and any additional fees ** About 27.4 mln shares change hands, 3.4 times the 30 day average ** Stock down 87.5% YTD, including the session's moves (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com))
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