Brief: Genetic Technologies Strategic Restructure Driving US Sales Growth
26/07/2024 13:02
July 26 (Reuters) - Genetic Technologies Ltd GTG.AX :
* GENETIC TECHNOLOGIES STRATEGIC RESTRUCTURE DRIVING USA
SALES
GROWTH
* GENETIC TECHNOLOGIES LTD - HAS CONDUCTED AN OPERATIONS
REVIEW
AND ANNOUNCES THAT IT INTENDS TO TRANSITION TO A CAPITAL LIGHT
OPERATIONS MODEL
* GENETIC TECHNOLOGIES LTD - CAPITAL LIGHT OPERATIONS MODEL
ANTICIPATED TO RESULT IN AN IMMEDIATE MATERIAL REDUCTION IN
OPERATING COSTS
Source text for Eikon: ID:nGNX64Xxgv
Further company coverage: GTG.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Genetic Technologies
See all newsBrief: ASX Says Genetic Technologies To Be Removed From Official List
Brief: Genetic Technologies Announces Termination Of ADR Facility
Brief: Genetic Technologies To Not Proceed With Ellerfield Wealth Acquisition
Brief: Genetic Technologies Says Binding Term Sheets Executed For Strategic Acquisitions
Brief: Genetic Technologies Appointed Michael Walker As Executive Chairman