Versarien (GB:VRS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Versarien PLC has sold its subsidiary, AAC Cyroma, a specialist plastics manufacturer, to Harper Bennett Limited for £550,000, payable in installments with asset retention as security. The sale aligns with Versarien’s strategy to concentrate on graphene technology development and reduce manufacturing commitments. CEO Stephen Hodge views the divestiture as key to the company’s focus on sustainable growth and industry leadership in advanced engineering technologies.
For further insights into GB:VRS stock, check out TipRanks’ Stock Analysis page.
