BUZZ-Australia's <a href="https://laohu8.com/S/THRTF">Intelligent Monitoring</a> Group slips on discounted placement** Shares of Intelligent Monitoring Group IMB.AX drop as much as 6.3% to A$0.6, their biggest intraday pct fall since November 11
** Security firm raises A$20 million ($13.26 million) through placement
** Offer price of 58 Australian cents per share represents a 9.4% discount, as of last close
** Co says funds from placement to be used for working capital following proposed acquisition of Tyco New Zealand and Red Wolf Security announced on 11 December
** Stock up ~10% YTD, including session's moves
($1 = 1.5078 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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