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New Zealand's Solution Dynamics hits 9-year low after losing services tender



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** Shares of New Zealand's Solution Dynamics SDL.NZ fall as much as 24.1% to NZ$0.850; their lowest since May 19, 2015

** Stock posts its biggest intraday percentage decline since April 16, 2013

** Communications management company says it lost the tender to provide customer communications services to its largest client

** Says it will initiate restructuring, but cost reductions unlikely to offset "severe" impact of reduced margin and lost earnings

** Stock down 41.4% YTD, including session's move





Reporting by Aaditya Govind Rao in Bengaluru

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