Australia's Hancock & Gore rises most in about 2 weeks on IPO of unit

Schoolblazer

06/09/2022 04:36

** Shares of investment company Hancock and Gore Ltd
 HNG.AX  rise about 2% to A$0.295, eyeing their best session
since Aug. 24
    ** Proposes ASX listing of unit H&G High Conviction Ltd, a
managed investment company   urn:newsml:reuters.com:*:nASXyV9Ph
    ** Offer, which opened on Sept. 5, expected to close on
Sept. 30
    ** Shares hit their highest levels since Aug. 26
    ** Stock down ~12% this year, as of last close


($1 = 1.4684 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))