Australia's Vinyl Group jumps on buying event planning business

Vinyl

26/09/2024 04:14

** Vinyl Group  VNL.AX  rises as much as 6.4% to A$0.1, the
biggest intraday pct gain since Aug. 23
    ** Music co to acquire Australian events business and
planner Funkified Entertainment for A$2.5 mln ($1.7 mln)
    ** Says acquisition will bring event management function
directly under co
    ** Around 1.6 mln shares traded in stock's busiest day since
May 8
    ** YTD, VNL gains ~37.5%

($1 = A$1.4622)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))