Australia's Animoca Brands sees best day in over 6 months on partnership with China-based firm

Amber International Holding

11/12/2018 01:11

** Shares of Animoca Brands Corp Ltd  AB1.AX  advance as
much as 15.8 pct to A$0.11, in their biggest intraday pct gain
since May 31 
    ** Stock hits highest in over 2 months 
    ** Mobile games, app developer signs strategic partnership
deal with China-based online marketing tech firm iClick
Interactive Asia Ltd  ICLK.O   urn:newsml:reuters.com:*:nASX2l6Nk
    ** Co to become strategic reseller of iClick in deal
expected to bring initial revenue of $8 mln in CY 2019, to
invest up to $2 mln to monetise iClick's China audience data
    ** To support expansion plan, co raised A$6 mln ($4.32 mln)
from strategic investors 
    ** About 3.4 mln shares change hands, compared with the
30-day average volume of 2.1 mln
    ** Stock had sky-rocketed well over 400 pct this year, as of
last close
($1 = 1.3893 Australian dollars)

 ((Reuters Messaging:
Devika.Syamnath.thomsonreuters.com@reuters.net))