Papyrus Australia hits 2-week high on partnership with Egypt firm

Papyrus Australia

14/02/2022 01:52

** Shares of Papyrus Australia  PPY.AX  climb as much as
7.9% to A$0.068, their highest since Feb. 1
    ** The agricultural waste fibre tech co signs https://www.asx.com.au/asxpdf/20220214/pdf/455yb2cl6nw0qb.pdf
 partnership agreement with Egyptian corporate entity Al Ahram
for transition from plastic to banana fibre packaging
    ** Says a new joint venture company will be established in
Egypt with Al Ahram holding 65% equity
    ** Stock posts its biggest intra-day percentage gain since
Feb. 4
    ** Stock flat YTD as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))