BUZZ-Australia's NTAW Holdings hits record low on termination of distribution deals

Reuters01-09

** Shares of NTAW Holdings NTD.AX fall as much as 25% to a record low of A$0.195

** Stock on track for its worst day since Dec. 18, 2024, if current losses hold

** Tire and wheel distributor says it has received termination notices for Dunlop distribution agreements with Goodyear units

** Says termination notices come after the sale of Dunlop brands by parent company Goodyear Tire & Rubber Co GT.O to Sumitomo Rubber Industries $(SRI)$ 5110.T

** Co will engage with Goodyear ANZ and SRI in relation to future distribution of Dunlop branded tires in Australia and New Zealand

** More than 567,700 shares change hands, compared with the 30-day average volume of 198,322

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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