Brief: Codelab Capital To Scale Back On Investments In, Funding Of Uniscale

Codelab Capital AS

31/10/2024 14:09

Oct 31 (Reuters) - Codelab Capital AS  CODEC.OL :
    * CONCLUDED TO SCALE BACK ON ITS INVESTMENTS IN AND FUNDING OF ITS WHOLLY OWNED SUBSIDIARY
UNISCALE AS
    * DESPITE UNISCALE IMPLEMENTING SEVERAL COST OPTIMIZATION INITIATIVES, IT WILL TAKE LONGER
TIME
AND REQUIRE MORE CAPITAL THAN INITIALLY PLANNED FOR
    * DESPITE DECISION, BOARD BELIEVES THAT PRODUCT DEVELOPED IN UNISCALE COULD HAVE VALUE FOR
POTENTIAL CUSTOMERS

Source text:  ID:nObigK5FGa 
Further company coverage:  CODEC.OL 

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