Brief: Scandinavian Chemotech Splits Business Units, To Suggest New Name

Scandinavian ChemoTech AB

30/12/2024 13:11

Dec 30 (Reuters) - Scandinavian ChemoTech AB  CMOTECb.ST :
    * SPLITS BUSINESS UNITS TO BOOST CASH FLOW AND WILL SUGGEST A NEW NAME FOR THE GROUP
    * ANTICIPATES ANNUAL SAVINGS OF 2-3 MSEK
    * CHANGES WILL NOT IMPACT CO'S AMBITIONS WITH TRIAL AND COLLABORATION WITH AIIMS JODHPUR IN
INDIA
    * ANIMAL CARE WILL GRADUALLY TRANSITION FROM SWEDEN TO ITS US SUBSIDIARY
    * HUMAN CARE BIZ TO MOVE TO OLDER ENTITY VETIQURE AB IN 2025

Source text:  ID:nWkr3JLt3Z 
Further company coverage:  CMOTECb.ST 

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