Australia's HSC Technology rises as co secures contract with Lendlease

Talius

06/10/2022 02:06

** Shares of HSC Technology Group Ltd  HSC.AX  rise as much
as 22.2% to A$0.011, on track to record their best day since Aug
24, if gains hold 
    ** The technology co says it has been awarded the contract
to supply assistive technology solutions to Lendlease's
Retirement Living business  urn:newsml:reuters.com:*:nASX8PJfv7
    ** Says co received initial purchase order of 5,000 units
    ** Says revenue for the initial purchase order is forecast
to be approximately A$2.3 mln ($1.50 mln) 
    ** Co shares hit their highest since Sept 19
    ** More than 2.88 mln shares trade hand, compared with
30-day average trading volume of 1.25 mln 
    ** Shares down 40% YTD, as of last close 
     ($1 = 1.5333 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))