Digital Wine Ventures hits near two-month high on securing funding

Kaddy

29/07/2022 02:13

** Shares of Australian wine distributor  DW8.AX  gain as
much as 33.3% to A$0.024, hits highest since June 2 
    ** Co says Singapore based investor Triton Growth has agreed
to invest up to A$10.0 mln ($7.00 mln) (before costs) into DW8
via Convertible Note  urn:newsml:reuters.com:*:nASX5hLy7z
    ** Adds that funds will be used as working capital to help
scale the Kaddy platform which provides beverage suppliers an
end-to-end supply chain solutions
    ** More than 16 mln shares change hands, compared with the
30-day average volume of about 4 mln shares
    ** Stock has fallen 63.3% this year, as of last close
 


($1 = 1.4286 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))