Australia's Wiseway hits near 4-mth high on Singapore freight firm buy

Wiseway

06/08/2021 01:52

** Freight logistics firm Wiseway Group  WWG.AX  rises as
much as 5.3% to A$0.40, its highest since April 12
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02404302-2A1314210?access_token=83ff96335c2d45a094df02a206a39ff4
 unit entered agreement to buy Singapore-based freight company,
TAF E-Logistics (Asia) Pte
    ** WWG, via unit Wiseway Singapore, will buy TAF for S$1.1
mln ($813,850.25) and an issue of 400,000 shares in co
    ** Acquisition of TAF will be WWG's first outside of
Australia
    ** WWG on track to add 21% over the week, marking its best
weekly gain since April 9
    ** Stock has nearly doubled in value this year as of last
close


($1 = 1.3516 Singapore dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))