Australia's Rectifier Technologies falls; co will not extend exclusive agreement with Tritium

Rectifier Technologies

23/12/2019 23:57

** Shares of Rectifier Technologies Ltd  RFT.AX  fall as
much as 16% to A$0.042
    ** Power supply instrument maker says it will not extend
exclusive supply and purchase agreement with Tritium Pty Ltd for
a further 12 months  urn:newsml:reuters.com:*:nASX7wh02v
    ** Co had earlier signed an agreement with Tritium for
supply of 35KW power supply units for 24 months, with an option
to extend it for a further 12 months
    ** Stock posts its biggest intraday pct drop since July 19
    ** About 734,000 shares change hands, compared with the
30-day average of about 456,000 shares
    ** Stock had risen 47.1% this year, as of last close

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))