Australia's Anteotech jumps on tax incentive

Anteotech

09/12/2022 01:05

** Shares of Anteotech Ltd  ADO.AX  rise as much as 5.5% to
A$0.058, their highest since Nov 28
    ** Surface chemistry co receives a cash refund of A$3.2 mln
($2.16 mln) under the federal govt's research & development tax
incentive scheme 
    ** About 1.22 mln shares change hands, compared with the
30-day average trading volume of 1.23 mln shares
    ** Shares of co down 82% YTD, as of last close 
($1 = 1.4786 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))