Australia's Tasfoods hits over 1-month high on sale of Wasabi business

Tasfoods

26/06/2023 03:46

** Shares of Tasfoods Ltd  TFL.AX  rise as much as 4% to
A$0.026, their highest level since May 18
    ** Food products maker enters binding contract with Hillwood
Berries Tas Pty Ltd 
    ** Says deal to sell co's Shima Wasabi Pty Ltd business unit
for A$700,000 ($468,020.00)
    ** Co expects transaction to be finalised by June 30, 2023
    ** Shares of co are down 37.5% YTD as of last close 
   


($1 = 1.4957 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))