NZ's Rubicon gains most in over 7 months on operational nod for unit ArborGen

Arborgen Holdings

02/07/2019 01:17

** Shares of Rubicon Ltd  RBC.NZ  rise as much as 5.3% to
A$0.20, their biggest intra-day pct gain since Nov. 30, 2018
    ** The investment holding firm says that its unit ArborGen
Inc got approval from the Ministry of Primary Industries to
operate its post-entry quarantine greenhouse facility in Te Teko
at Level 3  urn:newsml:reuters.com:*:nNZSh4ca
    ** ArborGen is one of the world's largest producers of
improved genetics planting material for forest owners
    ** Stock hits its highest since April 17 
    ** As of last close, stock has fallen about 10% this year

 ((Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net))