Australia's Secos Group rises on U.S. supply deal for compostable bags

MyEco

08/11/2021 02:23

** Shares of Secos Group  SES.AX  rise as much as 11.1% to
A$0.300, mark their best intraday session since Aug 30
    ** The biopolymer producer says U.S. Department of Veteran
Affairs' Veteran Canteen Services (VCS) has selected SES to
supply its MyEcoPet compostable bags into 97 stores across the
United States  urn:newsml:reuters.com:*:nASX5glvXK
    ** Adds it is in discussion with other U.S. distributors and
retail chains to launch MyEcoPet 
    ** Stock hits its highest since Oct 27
    ** As of last close, stock up 35% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))