Australian water treatment firm Parkway Corporate rises on buying a pumps supplier

Parkway Corporate

03/09/2021 05:22

** Shares of water treatment solutions provider Parkway
Corporate  PWN.AX  rises as much as 19.2% to A$0.016, their best
intraday pct jump since March 12
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417551-6A1048843?access_token=83ff96335c2d45a094df02a206a39ff4
 unit entered agreement to acquire Darwin, Northern
Territory-based pump supplier Mawpump Pty for up to A$1.3 mln
($962,260.00)
    ** Expects acquisition to provide "several operational and
strategic synergies between the two businesses"
    ** About 16.8 mln shares change hands, vs the 30-day average
of more than 6.3 mln shares
    ** PWN up 30% this year, as of last close


($1 = 1.3510 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))