Brief: InventionBio Plans Listing On WSE Main Market In 2021

Hub.Tech SA

20/10/2020 10:19

Oct 20 (Reuters) - Boruta Zachem SA  BRUP.WA :
    * SAYS RELATED COMPANY INVENTIONBIO, OPERATING IN THE
INDUSTRIAL
BIOTECHNOLOGY INDUSTRY, PLANS TO BECOME LISTED AT THE MAIN
MARKET OF THE WARSAW STOCK EXCHANGE IN 2021
    * PRIOR TO THE DEBUT THE MAJORITY STAKE IN INVENTIONBIO WILL
BE
ACQUIRED BY THE BORUTA-ZACHEM GROUP
    * INVENTIONBIO IS A BIOREFINERY WHICH OWNS TECHNOLOGY BASED
ON THE
PROCESS OF BIOTRANSFORMATION OF AGRICULTURAL BIOMASS USING
MICROORGANISMS
    * INVENTIONBIO'S JANUARY-JULY REVENUE WAS 9 MILLION ZLOTYS
AND NET
PROFIT 3.5 MILLION ZLOTYS
    * AT PRESENT INVENTIONBIO IS CARRYING OUT EU PROJECTS WHOSE
TOTAL
VALUE AMOUNTS TO ABOUT 240 MILLION ZLOTYS
    * INVENTIONBIO'S RECENT ACTIVITIES INCLUDE COOPERATION WITH
SENSDX
ON CORONAVIRUS TESTS, DEVELOPMENT OF AN ECOLOGICAL HERBICIDE,
AND A NANOEMULSION WITH WIDE APPLICATIONS ON COSMETIC AND
PHARMACOLOGICAL MARKET
    * ALSO SAYS BORUTA ZACHEM IS WORKING TOWARDS MOVING FROM
NEWCONNECT TO THE MAIN MARKET OF WSE

    
 Further company coverage:  BRUP.WA  
   


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