Australia's Site Group sees best day in over 10 years on Verbrec deal

Verbrec

26/02/2021 04:38

** Shares of Site Group International Ltd  SIT.AX  rise as
much as 52.9% to A$0.026, their biggest intraday pct gain since
Dec 16, 2010 
    ** Online training programs developer says engineering
services provider Verbrec's  VBC.AX  unit, Competency Training,
to acquire all operational assets from co  urn:newsml:reuters.com:*:nASX93yxfl
    ** Site Group says deal is for A$1.44 mln ($1.13 mln) and
will include training facilities, student databases, trade name
and domain names among other assets
    ** SIT hits highest since Nov 26
    ** More than 7.3 mln SIT shares change hands vs 30-day
average volume of 575,998 shares
    ** SIT has fallen 15% this year, as of last close
    
  
($1 = 1.2606 Australian dollars)


 (Reporting by Ananya Pande in Bengaluru)
 ((ananya.pande@thomsonreuters.com))