SBP solbec pharmaceuticals limited

SBP take excellent profit on strategic investment

  1. 404 Posts.
    Not bad for a $1 million investment by SBP. And they still hold 3 million HRK shares and 250k options!
    Company Announcement
    Contracted to sell 5m shares & 2.5m options
    SOLBEC PHARMACEUTICALS LIMITED 2002-05-27 ASX-SIGNAL-G
    HOMEX - Perth

    +++++++++++++++++++++++++
    The Company advises that it has contracted to sell 5 million fully
    paid Shares and 2.5 million Options from its holdings in Jetset
    Travelworld Ltd (formerly Heartlink Limited) to Melbourne based
    company Sintack Pty Ltd.

    The consideration receivable from the sale is $1.6 million.

    M Ruane
    DIRECTOR


 
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