Australia's Wingara AG climbs on sale of hay processing facility

Wingara AG

20/02/2023 02:58

** Shares of Wingara AG Ltd  WNR.AX  climb as much as 14.3%
to A$0.08, highest since Jan. 24
    ** Agricultural products seller says entered binding,
conditional, sale agreement with Balco Australia for sale of its
Raywood hay processing facility
    ** Says agreement for A$15.0 mln ($10.33 mln) in cash, plus
working capital adjustments
    ** Stock posts its biggest intraday pct gain since Oct. 6
    ** More than 1 mln shares change hands, almost 11 times the
30-day average volume
    ** Stock up 11.1% this year, as of last close
    ($1 = 1.4522 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))