BUZZ-Australia's Nanoveu at more than 3-year-high on buying Singapore-based semiconductor co

Reuters

2024/10/15

** Nanoveu leaps as much as 146.5% to A$0.053, logging its biggest intra-day pct gain since May 2020

** Stocks hits highest level since Aug 23, 2021

** Nanotechnology firm buys Singapore-based semiconductor firm Embedded AI Systems Pte (EMASS) for A$5 mln ($3.3 mln) in shares and 83.3 mln performance rights

** Says it will enter semiconductor market across multiple tech industries

** More than 14 mln shares traded, ~70x the 30-day avg

** NVU has doubled so far this year

($1 = A$1.4868)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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