Australia's Linius Tech drops on share placement to raise funds
20/04/2023 05:08
** Australia's Linius Technologies LNU.AX falls as much as
25% to A$0.003, equal to price of share placement
** Technology products developer gets commitments to raise
A$1.1 mln ($737,440) to fund customer acquisition, etc
** Stock went on a trading halt on April 18
** Stock currently flat this year, as of last close
($1 = 1.4916 Australian dollars)
(Reporting by Jaskiran Singh in Bengaluru)
((Jaskiran.Singh@thomsonreuters.com;))