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Medical Device Company, Applisonix in Talks to Sell CureLight Ltd.


4/21/2011 9:11:04 AM

Globes -- Ultrasonic depilatory device maker Applisonix Ltd. (TASE:APLS) is in talks to sell subsidiary CureLight Ltd. and a pilot of its products to Hong Kong-based Navigator Ventures Group Ltd. In a notice to the TASE, Applisonix said that it signed a letter of intent with Navigator to conduct due diligence on CureLight, after which Navigator has the right to invest $2.3 million in CureLight for a 51% stake in the company.

Read at Globes Online

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