Australia's Healius sinks as trading resumes after halt

Healius

22/11/2023 01:20

** Shares of healthcare firm Healius  HLS.AX  slump 29.5% to
A$1.1975 as trading resumes after a trading halt since Nov. 17
    ** Stock set for worst day ever, if current losses hold
    ** Stock hits lowest level since February 1999, biggest
loser on the ASX 200 index  .AXJO 
    ** Co on Monday announced entitlement offer to raise A$187
mln ($121.70 mln) at A$1.20/shr, a 29.4% discount to stock's
last close
    ** Referring to its off-market takeover offer for HLS,
Australian Clinical Labs  ACL.AX  raised concerns on the
entitlement offer on Tuesday
    ** HLS stock down 40.2% YTD, as of last close
 
($1 = 1.5366 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))