A group of shareholders in failed ASX-listed technology firm Nuheara are battling to resurrect the once-promising hearing device maker, but must first defeat a legal challenge from $14 billion Taiwanese semiconductor giant Realtek.
Perth-based Nuheara collapsed into administration last August after it was unable to refinance a $2.5 million loan from Realtek, which was its largest shareholder, amid struggling sales and consistent losses.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
