Australia's BPH Global rises on Chinese firm acquisition

Ocean Sciences

20/09/2023 02:41

** Shares of BPH Global  BP8.AX  rise as much as 50% to
A$0.003, set for best day since Aug 11, if gains hold
    ** The biotech co says it will acquire 100% of Foshan
Gedishi Biotechnology, a company that operates the birds' nest
pilot study with BP8's China Partners
    ** Deal to reactivate and expand co's bird nest business in
China - BPH Global 
    ** Co anticipates that completion of the acquisition will
take place by Oct 31
    ** Stock at highest level since Aug 15
    ** BPH stock down 84.8% YTD
    

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))