NZ Automotive Investments rises on $3.2 mln finance facility

2 Cheap Cars

01/06/2023 02:24

** Shares of NZ Automotive Investments Ltd  NZA.NZ  rise as
much as 3.1% to NZ$0.33, their best intraday pct gain since May
3 
    ** The automotive company says it executed a new, lower cost
trade finance facility with Finance Now
    ** Adds Finance Now will provide a NZ$5.0 mln ($3.17 mln)
trade finance facility to company 
    ** More than 51,984 shares change hands, twice the 30-day
average volume 
    ** Stock down 1.5% this year, as of last close


     ($1 = 1.5763 New Zealand dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))