Australia's Collins Foods slides to nine-month low on Taco Bell exit move

Shares of Collins Foods CKF.AX fall as much as 3.8% to A$8.450, their lowest level since June 24

Stock down 3% at A$8.52, as of 0050 GMT; on track for its worst session in one week

Co says it would transfer 20 of its 27 Taco Bell restaurants in the country to an affiliate of Yum Brands YUM.N

Says remaining seven Taco Bell restaurants would be closed in the coming weeks

Stock down 17.7% this year, including the day's move