"Following the completion of the placement, the Board of Invion will be restructured, and will include two representatives of The Cho Group. Dr Greg Collier, Interim Executive Chair, said “The Board of Invion is very pleased to welcome The Cho Group as a new shareholder and strategic alliance partner. The alliance will see us consolidate the Company’s financial position and leverage The Cho Group’s substantial networks in the East Asian region to identify and progress new biotechnology opportunities. The Board sees access to the Asian capital and medical markets as significant opportunities for growth and value creation.”
You would have to think that a reverse split will be on the cards.
IVX Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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