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Versarien ( (GB:VRS) ) just unveiled an update.
Versarien has announced an update on the sale of its Korean plant and equipment to MCK Tech Co. Ltd, receiving an additional £150,000 with £92,000 plus interest still outstanding. The company has extended the deadline for the final payment to 28 February 2025, with the debt incurring a 10% annual interest rate. If MCK Tech defaults, Versarien will retain payments already made, and ownership of the assets will remain with the company.
More about Versarien
Versarien plc is an advanced materials engineering group focused on developing a manufacturing-light and licensing model in specific sectors.
YTD Price Performance: -84.02%
Average Trading Volume: 89,844,246
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.3M
For a thorough assessment of VRS stock, go to TipRanks’ Stock Analysis page.