Aristocrat Leisure will sell its Palarium Global mobile-gaming unit to Sweden’s Modern Times Group as the Australian gaming company increasingly focuses on regulated gaming and slot machines.
The National Day holiday in early October, combined with a rally in Chinese equity markets, may have also supported consumer sentiment.
The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.
The troubled IT firm said it would issue new shares in its latest move to reduce debt.
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