Brief: Braster Expands Collaboration With India-based Genworks Health Private

Braster SA

08/06/2022 06:52

June 8 (Reuters) - Braster SA  BRAR.WA :
    * SAID ON TUESDAY IT HAS SIGNED A MEMORANDUM OF
UNDERSTANDING WITH
GENWORKS HEALTH PRIVATE LIMITED REGARDING EXPANSION OF
DISTRIBUTION AND SALE OF MEDICAL DEVICES PRODUCED BY THE COMPANY
    * UNDER THE AGREEMENT THE PARTIES AGREED THAT GENWORKS
HEALTH
PRIVATE LIMITED WOULD MAKE A NUMBER OF PAYMENTS TO THE COMPANY
IN THE PERIOD UNTIL JULY 2023 IN THE AMOUNT OF USD 0.9 MILLION 
    * SAID PAYMENTS WOULD BE ADVANCES FOR THE PURCHASE OF
EQUIPMENT
AND TESTS, CO-FINANCING OF A TELEMEDICINE CENTER IN INDIA OR
INVESTMENTS IN THE COMPANY'S SHARES OR ANOTHER FINANCIAL
INSTRUMENT OF THE COMPANY, INCLUDING ESTABLISHMENT OF A JOINT
VENTURE IN INDIA

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5B7Frya
 Further company coverage:  BRAR.WA  

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