Australia's Nuheara rises most in about 2 yrs on deal with Taiwanese chip firm

Nuheara

01/07/2022 02:26

** Hearing aids maker Nuheara Ltd  NUH.AX  soars as much as
41.7% to A$0.170, its best intraday pct jump since July 13, 2020
    ** Says to partner with Taiwanese chip maker Realtek
Semiconductor Corp  2379.TW  to develop integrated circuits (IC)
    ** Development of ICs and tech services to expand their
reach across the globe, says NUH
    ** NUH announces placement of 17.1 mln shares to raise
A$2.05 mln ($1.41 mln); Realtek to subscribe to A$1.7 mln 
    ** More than 220,000 shares change hands, vs a 30-day
average of 219,000 shares
    ** NUH hits highest since May 24; down 63.6% this year as of
last close

($1 = 1.4526 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))