Australia's MoneyMe Ltd hits near 2-year high on securing funding facility

Moneyme

18/12/2024 24:41

** Shares of Australia's MoneyMe Ltd  MME.AX  rise as much
as 9.1% to A$0.180, their highest levels since March 2023
    ** Stock posts its biggest intraday pct gain since Dec 9
    ** The consumer finance co says it has secured new A$125 mln
($79.18 mln) corporate funding facility
    ** Forms strategic funding partnership with Australia's
iPartners Pty, an alternative asset investment platform 
    ** New facility to refinance co's existing corporate debt,
others
    ** Nearly 1.2 mln shares change hands, vs 30-day average
volume of 1.1 mln shares
    ** Stock has risen 104.8% this year, as of 0036 GMT

    ($1 = 1.5788 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))