Brief: Aqua Bio To Cease Further Funding For Skinteam

Aqua Bio Technology ASA

14/11/2024 12:50

Nov 14 (Reuters) - Aqua Bio Technology ASA  ABTEC.OL :
    * DIVESTMENT FROM SKINTEAM NORGE AS
    * TO CEASE FURTHER FUNDING FOR SKINTEAM
    * WILL FOCUS ITS LIQUIDITY ON OTHER GROUP ENTITIES EXPECTED
TO
GENERATE POSITIVE CASH FLOW BY 2025
    * EFFORTS TO TRANSITION SKINTEAM TO NEW OWNERSHIP HAVE NOT
RESULTED IN A VIABLE SOLUTION
    * BOARD WILL NOW DECIDE OR ACCEPT TO WIND DOWN OPERATIONS.

Source text:  ID:nObiNljtTa 
Further company coverage:  ABTEC.OL 

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