Australia's BIR Financial hits 2-month high on deal to buy Capital Financial

Investor Centre

12/01/2023 01:04

** Shares of BIR Financial Ltd  BIR.AX  jump as much as
13.5% to A$0.042, their highest level since Nov 8, 2022 
    ** Co says it has negotiated terms to acquire Capital
Financial Planning WA Pty Ltd 
    ** Says acquisition price is A$400,000 ($276,640.00) and 14
mln BIR shares
    ** Says deal will result in reduced divisional compliance
costs
    ** Stock posts biggest intraday pct gain since Dec 12, 2022
    ** BIR Financial stock up 72.7% in 2022
    ($1 = 1.4459 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))