Australia's Mayfield Group rises on industrial property acquisition

Mayfield group

22/01/2026 23:33

** Shares of Australia's Mayfield Group MYG.AX rise as much as 4.4% to A$3.12, their highest since January 12

** Stock posts biggest intraday pct gain in more than a week

** Electrical and telecom equipment provider says it has acquired industrial property at Royal Park in Australia for A$8.4 million ($5.74 million)

** Stock rose more than six-fold in value in 2025, flat so far this year

($1 = 1.4622 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))