Australia's Holista notches best day in 5 months on deal with Malaysian co

Holista Colltech

13/05/2021 02:33

** Shares of Holista CollTech  HCT.AX  rise as much as 21.4%
to A$0.060, marking their biggest intraday pct gain since Dec
11, 2020
    ** The biotech firm's unit Holista Biotech Sdn Bhd signs
exclusive agreement with Malaysia-based Mutiara Seribumi Sdn Bhd
for distribution of its ovine (sheep) collagen into China 
 urn:newsml:reuters.com:*:nASX1KVhfg
    ** Co says subject to successful outcome of trials and
Chinese regulatory approvals, Mutiara will commit to purchase an
entire 48-tonne annual production capacity of Holista's existing
Collie Plant in Western Australia, over following the 12 months
    ** Stock at its highest since April 19
    ** More than 1.4 mln shares change hands, vs the 30-day
average volume of 392,000 shares
    ** Stock down 31.9% this year, as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))