BUZZ-Australia's De.mem surges on deal with Singapore firm, China market entry

Reuters

2025/02/11

** De.mem DEM.AX jumps 7.7% to A$0.14; set for biggest intraday pct gain since January 28

** Wastewater treatment business signs new distribution agreement with Singapore-based Firmbase

** Gets first commercial order for its filtration systems from China, highlighting entry into the ~$2 billion Chinese home water filtration market

** Says agreement allows co to enter key Asian markets in China, Indonesia and Japan

** DEM gained 7.7% last month

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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