Australia's Zicom Group hits 10-week low on divesting unit
03/05/2024 03:45
** Shares of Australia's Zicom Group ZGL.AX fall as much
as 6.7% to A$0.042, lowest since Feb. 21
** Construction and engineering firm says unit divested
entire investment in subsidiary Orion Systems Integration
** Adds divested subsidiary to China-based Zhejiang Darcet
Technology
** Stock down 16% so far this week, set for worst week since
Feb 9
** About 5,000 shares change hands by 0233 GMT, vs 30-day
average volume of 90,472 shares
** Stock up 12.5% YTD, as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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