Pacific Channel Limited acquired an unknown minority stake in Orbis Diagnostics Limited from Powerhouse Ventures Limited.
Pacific Channel Limited agreed to acquire an unknown minority stake in Orbis Diagnostics Limited from Powerhouse Ventures Limited (ASX:PVL) on May 12, 2021. Transaction is conditional upon approvals from Orbis, in particular, satisfying all pre-emptive share transfer rights as contained within Orbis's Shareholders Agreement and Constitution. Proceeds from the sale (~$NZ360,000) will be allocated to working capital.
Pacific Channel Limited completed the acquisition of an unknown minority stake in Orbis Diagnostics Limited from Powerhouse Ventures Limited (ASX:PVL) on November 16, 2021.