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

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;))