Australia's RAS Technology falls after founders agree to sell shares

RAS Technology Holdings

11/04/2024 03:27

** Shares of RAS Technology Holdings  RTH.AX  fall as much
as 6.4% to A$1.250, their lowest since March 1
    ** Stock hits its lowest since March 8
    ** Racing and sports service provider says founders have
agreed to sell down a combined 5 mln shares in co
    ** Following stake sale, the two founders will each retain
21% shareholding in co
    ** Stock up ~45% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))