Australia's WA Koalin rises on agreement with Vietnamese distributor

WA Kaolin

01/04/2022 01:43

** Shares of WA Kaolin Ltd  WAK.AX  rise as much as 2.4% to
A$0.210, their highest since Feb. 10 and rising for a second
straight day - if gains hold
    ** The kaolin producer says it has signed an offtake
agreement with a distributor in the ceramic and paint market in
Vietnam  urn:newsml:reuters.com:*:nFWN2VY1G1
    ** Says that the agreement lasting for three years will
require the co to supply 4,500 tonnes per annum (minimum
2,500tpa) for the required period
    ** About 364,000 shares change hands, around 1.5 times
compared with the 30-day average volume of 249, 282 shares 
    ** Stock has fallen 2.4% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))