UPDATE 1-Australia’s Westpac places shares at discount; stock marks biggest fall in a year
Australia’s Westpac Banking Corp
on Tuesday said it completed a discounted A$2 billion ($1.38
billion) equity placement, and its shares suffered their worst
drop in nearly a year, also reflecting a 15% slide in annual
profit reported on Monday when the stock was halted.
on Tuesday said it completed a discounted A$2 billion ($1.38
billion) equity placement, and its shares suffered their worst
drop in nearly a year, also reflecting a 15% slide in annual
profit reported on Monday when the stock was halted.
Posted by Reuters
