BUZZ-Australia's Merino hits over 7-month high on deal to sell apparel in China
Reuters
Sep 03
BUZZ-Australia's Merino hits over 7-month high on deal to sell apparel in China
** Shares of Merino & Co MNC.AX rise as much as 35.3% to A$0.23 to hit highest level since January 17; last up 29.4%
** Wool products maker heading for best day since early November 2024, if gains hold
** Co enters deal with BINJORA for the distribution and sale of merino apparel products in China
** Says deal also to create and market co-branded products for Australia and China
** BINJORA is an apparel company owned by Bosideng International 3998.HK
** Merino also heading for fourth consecutive session of gains
** MNC down ~24% this year, including the day's move
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com))
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