Australia's RPM Automotive eyes best day in 12 weeks on deal with Yokohama

Rpm Automotive

26/03/2024 01:09

** Shares of RPM Automotive  RPM.AX  rise as much as 12.2%
to A$0.092, on track for their best day since Jan. 2, if gains
hold 
    ** Stock hits highest level since Jan 30 
    ** Wholesale tire distributor and retailer enters agreement
with Yokohama Tyre Australia 
    ** Says deal for distribution of Yokohama products through
co’s Australia-wide tyre distribution infrastructure
    ** RPM will also operate as a preferred supply partner to
Yokohama's retail store network throughout Australia - co 
    ** About 630,780 shares change hand compared to 30-day
average trading volume of 130,050 shares 
    ** RPM down 4.7% this year as of last close 
   

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