Australia's X2M Connect rises on contract wins in China and Taiwan

X2M Connect

01/06/2022 04:53

** Shares of tech co X2M Connect  X2M.AX  rise as much as
20% to A$0.120, their highest since May 17
    ** Co signs three new contracts in China and Taiwan taking
the number of contract wins in Asian market to eight
 urn:newsml:reuters.com:*:nASX44Tp5T
    ** Says two contracts for hardware and accessories orders
from LianQing in China are valued at a total of about A$1 mln
($718,300)
    ** Says the third contract is a A$0.12 mln energy management
order from the Taiwan government's Electronics Testing Center
    ** Shares mark their biggest intraday gain since May 17
    ** As of last close, stock down about 46% this year

($1 = 1.3922 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))