NZ's Vital Healthcare sees best session in over 4 months on asset sale

Vital Healthcare Property Trust

26/11/2020 02:38

** Shares of Vital Healthcare Property Trust  VHP.NZ  gain
as much as 4.3% to NZ$3.045, in their biggest intraday pct jump
since July 17
    ** The healthcare investment fund announces sale of three
regional assets in Australia  urn:newsml:reuters.com:*:nNZW1sxGzx
    ** Says proceeds will be used to fund the acquisition of a
premium metropolitan hospital in New Zealand  urn:newsml:reuters.com:*:nNZW4lX6X8
    ** Co says all three sales are expected to settle by the end
of CY2020
    ** Stock posts its highest level since Nov 11; biggest pct
gainer in the NZ benchmark index  .NZ50 
    ** Stock up 3.6% this year, as of last close

 (Reporting by Deepali Saxena)
 ((Deepali.Saxena@thomsonreuters.com; Twitter: @deepalisaxenas))