Australia's Top Shelf jumps on executing term sheet for land assets sale

Top Shelf International Holdings

12/04/2024 04:22

** Shares of Top Shelf International rise as much as 9.4% to
A$0.175, set to gain most since March 27
    ** Spirits maker says it has executed binding term sheet for
sale and leaseback of farmland and structural improvement assets
at an agave farm in Queensland for A$5 mln ($3.27 mln)
    ** Stock has fallen over 20% so far this year, as of last
close

($1 = 1.5295 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))