BUZZ-Australia's Locate Technologies rises on <a href="https://laohu8.com/S/NZERF">New Zealand</a> listing intention** Locate Technologies LOC.AX had surged as much as 33%, its biggest intraday gain since July 14, before trimming to trade 7.4% higher at A$0.058
** Tracking software provider plans arrangement with an unidentified NZ incorporated entity to move listing from ASX to NZX main board
** Under deal, co's shareholders to receive one NZ entity share for each LOC share held
** Says the move will enable more efficient pursuit of bitcoin investment strategy
** Despite jump, stock down nearly 7% so far this week, set for eighth consecutive weekly decline
** YTD, LOC decline at ~24%
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.