Australia's FinTech Chain surges to over 11-mth high on contract with Chinese bank

FinTech Chain

18/04/2019 06:47

** Shares of financial technology developer FinTech Chain
Ltd  FTC.AX  jump as much as 87.5 pct to A$0.18, their highest
since May 2018
    ** Co on Wednesday announced execution of contract with
Hunan Xingsha Rural Commercial Bank following a successful trial
providing co's integrated payment service, T-Linx  urn:newsml:reuters.com:*:nASX96H67l
    ** More than 5.4 mln shares change hands, about 24 times the
30-day average volume of 225,619 shares
    ** Stock has risen 100 pct this year, as of last close

 ((Niyati.N.Shetty@thomsonreuters.com; +918067497199; Reuters
Messaging: niyati.n.shetty.thomsonreuters.com@reuters.net))