Australia's Aumake climbs most in over 8 weeks on distribution deal with Miniso

AUK

02/12/2021 02:11

** Shares of Aumake Ltd  AUK.AX  rise as much as 20% to
A$0.018, post their biggest intraday pct gain since Oct. 5
    ** Online market place operator signs distribution deal with
retail store operator Miniso Master Franchisee Pty Ltd 
 urn:newsml:reuters.com:*:nASX6950jF
    ** Deal to distribute and sell products including household
goods, cosmetics and skincare from three of AUK's physical
stores
    ** Miniso will pay AUK a percentage of sales in exchange for
using its premises to sell the products - AUK
    ** AUK stock hits its highest since Nov. 24
    ** About 3.2 mln shares change hands, vs the 30-day avg
volume of 2.7 mln shares
    ** Stock has lost 77.3% this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))