NZ's Good Spirits eyes best day in over 4 months on purchase agreement

Good Spirits Hospitality

17/02/2021 03:19

** Shares of investment firm Good Spirits Hospitality
 GSH.NZ  rise as much as 5.4% to NZ$0.078, marking their best
day since Oct. 7
    ** GSH hits highest since Jan. 29
    ** Co enters agreement to purchase three hospitality venues,
"The Featherston Tavern", "Leuven Belgian Beer Cafe" an "Avida
Bar" situated in Wellington  urn:newsml:reuters.com:*:nFWN2KM0X4
    ** Says purchase price of the three venues is NZ$3.4 mln
($2.45 mln)
    ** About 109,235 shares have changed hands, nearly three
times the 30-day average of shares 
    ** Adds that the three venues are long established,
profitable businesses with a good reputation in the community
    ** Stock down 6.3% this year, as of last close vs a 43.2%
decline in 2020
    



($1 = 1.3889 New Zealand dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))