NetScientific Sells Stake In Frontier BioSciences
LONDON (Alliance News) - NetScientific PLC Friday said that its subsidiary NetScientific UK Ltd is selling its 49.9% holding in Frontier BioSciences Ltd to Zahra Holdings Ltd for GBP24,999 in cash, as part of its ongoing portfolio review.
The biomedical and healthcare technology group said that FrontierBio will repay GBP725,001 of the GBP875,001 loan it received from NetScientific, and that NetScientific will write off the remaining GBP150,000. FrontierBio will also pay NetScientific GBP450,000 on completion.
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The biomedical and healthcare technology group said that FrontierBio will repay GBP725,001 of the GBP875,001 loan it received from NetScientific, and that NetScientific will write off the remaining GBP150,000. FrontierBio will also pay NetScientific GBP450,000 on completion.
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