Brief: Hofseth Biocare Buys 34% Stake In Atlantic Delights

Hofseth Biocare ASA

27/08/2020 07:12

Aug 27 (Reuters) - Hofseth Biocare ASA  HOFS.OL :
    * AQUIRES 34% STAKE IN HEALTHCARE AND PETCARE DISTRIBUTOR
ATLANTIC
DELIGHTS LTD FOR ACCESS TO CHINESE MARKET
    * PAYS APPROX. USD 700,000 FOR A 34 % STAKE IN AD
    * WITH THAT OWNERSHIP OBTAINS LICENSE AND DISTRIBUTION
LICENSE IN
CHINA
    * REGISTRATION PROCESS FOR DISTRIBUTION OF ALL OTHER
FINISHED
PRODUCTS FOR HUMAN NUTRITION EXPECTED TO BE APPROVED SHORTLY

Source text for Eikon:  ID:nGNEc17frg 
Further company coverage:  HOFS.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587785110;))