Australia's Aumake jumps most in 6 yrs on strategic investment, border reopening

Xenitra

05/10/2021 03:37

** Shares of e-commerce marketplace operator Aumake Ltd
 AUK.AX  rise as much as 36.4% to A$0.03, biggest intraday pct
gain since May 15, 2015
    ** Co says Bluestone Fund Management Pty has committed to a
capital raise of A$500,000 at A$0.025 per share, a 14% premium
to its last closing price on Oct. 1  urn:newsml:reuters.com:*:nASX3jpjy0
    ** Flags that Australian govt's plan to reopen the country
to international students from December 2021 will increase
revenue generation for co
    ** Majority of co's revenue is generated from the sale of
Australian and New Zealand products to international students
and tourists
    ** Stock hits highest since Aug. 19, 2021
    ** Nearly 6 mln shares change hands, vs 30-day average
volume of ~1.2 mln
    ** Stock down 66.7% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))