BUZZ-ASX-listed Kina Securities hits 1-1/2-month high on appointing new CEO

Reuters
2024-12-16

** ASX-listed Kina Securities rises as much as ~2% to A$1.070, highest since Oct. 29

** Papua New Guinea-based diversified financial services co names insider Ivan Vidovich as the new CEO and acting MD

** Says Vidovich, the lender's Chief Transformation Officer for the last five years, drove recent surge in non-interest income - now comprising ~50% of co's rev

** Outgoing MD and CEO Greg Pawson has not disclosed the reason behind his departure

** Stock posts biggest intraday pct gain since Dec. 5

** KSL up 33% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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