Nov 5 (Reuters) - Australia's Treasury Wine Estates Ltd (TWE) said on Thursday it had paused the demerger of its Penfolds division, as it looks to focus on boosting trading performance during COVID-19, restructuring of its U.S. business and responding to an anti-dumping probe by China.
The previously announced timeline for implementing the potential demerger by the end of 2021 is no longer applicable, the company added.
News: TWE Australia's Treasury Wines pauses Penfolds demerger
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Last
$7.64 |
Change
-0.150(1.93%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $7.86 | $7.63 | $30.71M | 3.993M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80066 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.68 | 22589 | 4 |
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| TWE (ASX) Chart |