Australia's Sunland Group eyes best day in over 9-weeks on retail space sale

Sunland

28/10/2021 03:09

** Shares of residential property developer  SDG.AX  rise as
much as 5.4% to A$2.720, sees best day since Aug. 23
    ** Announces sale of land known as "The Lanes" to Australia
based retail investment co Panthera Group for A$45.8 million
($34.33 million)
    ** SDG to gain profit of about A$26.3 mln post settlement of
sale
    ** Stock hits highest since Sept. 9
    ** More than 114,000 shares change hands vs their 30-day
moving average of about 74,000 shares
    ** Stock up 22.6% this year, as of last close


($1 = 1.3342 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com))