Australia's Hipages buys stake in Bricks + Agent, shares hit 1-1/2-month high

Hipages group

04/11/2021 01:38

** Shares of Hipages Group Holdings  HPG.AX  rise as much as
7.7% to A$4.04, their highest since Sept 13
    ** The online marketplace for home improvement tradies buys
https://www.asx.com.au/asxpdf/20211104/pdf/452knzmz71zfnj.pdf
25% interest in issued share capital of property management
technology platform Bricks + Agent for A$6.25 mln ($4.66 mln)
    ** Stock among top five gainers in the All Ordinaries Index
 .AORD 
    ** Hipages stock posts its biggest intraday pct gain since
Oct 6
    ** About 273,462 shares change hands vs the 30-day average
volume of 194,533 shares
    ** Stock up 62.3% this year, as of last close
    
    ($1 = 1.3407 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))