** Shares of Australia's I Synergy Group IS3.AX up 50% at A$0.018
** Earlier in the session, stock hit its highest level since August 8, 2022
** The software developer signs memorandum of understanding with with Malaysian technology solutions provider Treasure Global TGL.O
** Under MoU, parties to work together for developing AI cloud infrastructure in Malaysia
** Aggregate value of transaction estimated at about A$600,000 ($396,720)
** Around 30.4 million shares change hands, 16x the 30-day average volume of about 1.9 million
** YTD, stock rises to over 7x its value, including the session's gains
($1 = 1.5124 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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