Australia's Roolife jumps most in over 10 months on supply deal with Chinese firm

Roolife

04/04/2024 01:23

** Shares of Roolife Group  RLG.AX  rise 66.7% to A$0.010 to
hit their highest levels since March 6 
    ** Shares of the e-commerce co post their biggest intraday
jump since May 12, 2023 
    ** Co enters agreement with China-based e-commerce co Fujian
Jushi Supply Chain Management
    ** Says deal for marketing and selling co's products in
China
    ** Says Fujian Jushi to acquire A$100,000 ($65,660) of RLG
shares at A$0.085 via placement 
    ** About 2.9 mln shares change hands, compared with 30-day
average trading volume of 936,957 shares 
    ** Roolife stock down 33.3% this year, as of last close 
   

    ($1 = 1.5230 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))