Brief: SensoDetect Signs Deal With Guaranteed Revenue Of At Least SEK 100 Mln Over 15 Yrs

SensoDetect AB

28/12/2020 09:20

Dec 28 (Reuters) - SensoDetect AB  SDET.TE :
    * SIGNS DEAL WITH GUARANTEED REVENUE OF AT LEAST SEK 100
MILLION
OVER 15 YRS
    * CARRIES OUT DIRECTED SHARE ISSUE
    * SIGNS DEAL WITH XIAMEN ENCHENG GROUP CO. LTD  ON EXCLUSIVE
RIGHTS FOR DISTRIBUTION OF SENSODETECT BERA IN CHINA
    * DIRECTED ISSUE IS AIMED AT ENCHENG AND ITS PARTNER NORDIC
GRAND
HARMONY INVESTMENT AB, WHICH HAS BROKERED THE TRANSACTION
    * DEAL ALSO INCLUDES AGREEMENT ON PRODUCTION OF BERA IN
CHINA
    * ISSUE WILL CONSIST OF A MAXIMUM OF 5,951,197 NEW SHARES
    * SUBSCRIPTION PRICE AMOUNTS TO SEK 0.66 PER SHARE
    * TARGET IS TO LAUNCH BERA IN 2022 IN CHINA

Source text for Eikon:  ID:nWkr9kr2p 
Further company coverage:  SDET.TE 

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