Australia's Fiji Kava stock halted after surging on appointing distributor

Roolife

12/04/2023 03:13

** Shares of beverages maker Fiji Kava  FIJ.AX  soar as much
as 100% to A$0.006, their best ever intraday gain; shares halted
around 0200 GMT
    ** Says it entered a deal for digital marketing co RooLife
Group  RLG.AX  to be the exclusive distributor for Fiji Kava's
products in Australia and China in online channels 
    ** Shares of FIJ halted pending co releasing clarifications
to the announcement 
    ** Shares of RooLife rise as much as 20% to A$0.012, their
best intraday gain since March 6
    ** As of last close, FIJ down 80% YTD; RLG flat YTD

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))