SIE 0.00% 6.8¢ scigen limited

Bioton offer when they acquired its majority stake in SIE some...

  1. 300 Posts.
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    Bioton offer when they acquired its majority stake in SIE some years ago was 20c / CDI. Who ever Biotin sells their stake in SIE to will be required to take out the minority shareholders.

    Yes SIE have a lot of debt Biotin has ' written down ' the value of SIE. I am not sure SIE need the loan from their parent - it is a nice way of shifting money to Bioton The sale price of pharmaceutical companies is 10 x t/o a registered insulin in China is a huge additional assess . Each product registration in each country has it's own value!

    I expect SIE will be sold to a Chinese Pharmaceutical company with a long term supply agreement for insulin included .
 
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