Australia's Frugl Group slumps as strategic tie-up talks end

Infocus group

14/12/2022 24:48

** Shares of Frugl Group Ltd  FGL.AX  slide as much as 8.3%
to A$0.011, their lowest since Nov 17
    ** Retail intelligence firm advises that terms of proposed
strategic partnership and associated capital raising have not
been concluded with counter party  urn:newsml:reuters.com:*:nASX4BZRFM
    ** Adds discussions about the said partnership are now
terminated 
    ** Stock posts its biggest intraday pct fall since Nov 29
    ** More than 485,100 shares change hands, twice the 30-day
average volume 
    ** Stock down 38.6% this year as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))