BUZZ-Australia's MoneyMe Ltd hits near 2-year high on securing funding facility

Reuters
2024-12-18
BUZZ-Australia's MoneyMe Ltd hits near 2-year high on securing funding facility

** Shares of Australia's MoneyMe Ltd MME.AX rise as much as 9.1% to A$0.180, their highest levels since March 2023

** Stock posts its biggest intraday pct gain since Dec 9

** The consumer finance co says it has secured new A$125 mln ($79.18 mln) corporate funding facility

** Forms strategic funding partnership with Australia's iPartners Pty, an alternative asset investment platform

** New facility to refinance co's existing corporate debt, others

** Nearly 1.2 mln shares change hands, vs 30-day average volume of 1.1 mln shares

** Stock has risen 104.8% this year, as of 0036 GMT

($1 = 1.5788 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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