BUZZ-Australia's Hot Chili falls on discounted placement
Reuters
Feb 04
BUZZ-Australia's <a href="https://laohu8.com/S/HHLKF">Hot Chili</a> falls on discounted placement
** Shares of Hot ChiliHCH.AX fall 11.3% to A$1.72, their lowest level in nearly two weeks
** Copper co raises A$40 million ($28.09 million) at A$1.65 per share in a placement
** Issue price is at a discount of 14.9% to stock's last close
** Shares set for worst day since April if current losses hold
** About 751,800 shares change hands, 1.2x the 30-day average of 630,693
** Stock up 23.7% YTD
($1 = 1.4241 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))
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