NZ's Scott Technology hits 1-year high on contracts worth $12.9 mln

Scott Technology

17/12/2020 23:34

** Shares of Scott Technology  SCT.NZ  surge 17.5% to
NZ$2.35, their highest since Dec 3, 2019
    ** The automation system maker secures two contracts worth
NZ$18 mln ($12.87 mln) from NZ-based Alliance Group and China's
Little Swan  urn:newsml:reuters.com:*:nNZW5jCPJW
    ** SCT to build a carton handling and sortation system for
Alliance's meat-processing plant in Lorneville, NZ 
    ** For Little Swan, SCT to build an appliance line for
production of washer cabinets at Scott China facility in
Qingdao, Shandong 
    ** Stock posts its biggest intraday pct gain since April 9  
 

($1 = 1.3982 New Zealand dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))