Australia's Hancock & Gore drops to over 4-year low on withholding dividend

Schoolblazer

22/10/2025 01:33

** Shares of Australia's Hancock & Gore HNG.AX fall as much as 16%, their lowest level since July 1, 2021

** Diversified investment co says it will not declare a final dividend this year in order to retain cash for acquisition payments

** Shares last down 7%, set for their worst day since April 9

** YTD, stock down 19.8%

(SReporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))