Australia's Global Health sees worst day in nearly 7 months on placement

Global Health

15/06/2021 05:16

** Shares of the digital health solutions co  GLH.AX  drop
as much as 23.4% to A$0.605, post their biggest intraday pct
fall since Nov. 17, 2020
     ** Co says it raised A$7.8 mln ($6.01 mln) via a placement
of shares at an issue price of A$0.555 per new share
 urn:newsml:reuters.com:*:nASX46zF7s
    ** Issue price at a 29.7% discount to co's last close price
of A$0.79 per share, as on June 9
    ** Stock hits its lowest since May 28
    ** About 100,000 shares change hands, compared with the
30-day average of about 14,000 shares
    ** Stock has risen 68.1% this year, as of last close

($1 = 1.2972 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))