ASX-listed Kina Securities hits 1-1/2-month high on appointing new CEO

Kina Securities

16/12/2024 03:40

** ASX-listed Kina Securities  KSL.AX  rises as much as ~2%
to A$1.070, highest since Oct. 29
    ** Papua New Guinea-based diversified financial services co
names insider Ivan Vidovich as the new CEO and acting MD
    ** Says Vidovich, the lender's Chief Transformation Officer
for the last five years, drove recent surge in non-interest
income - now comprising ~50% of co's rev
    ** Outgoing MD and CEO Greg Pawson has not disclosed the
reason behind his departure
    ** Stock posts biggest intraday pct gain since Dec. 5
    ** KSL up 33% YTD

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))