Vivimed Labs Ltd has informed that the Board of Directors of the Company at its meeting held on March 13, 2008, inter alia, has unanimously resolved the following:
1. Investment in shares and / or loan to Vivimed Holdings Ltd, a 100% subsidiary of the Company.
2. Provide Corporate Guarantee to the lender of Vivimed Holdings Ltd.
The above decisions are consequent to Vivimed Labs Ltd acquiring James Robinson Ltd, a UK based Company through its 100% subsidiary Company and obtaining financial assistance from banks for this acquisition.
1. Investment in shares and / or loan to Vivimed Holdings Ltd, a 100% subsidiary of the Company.
2. Provide Corporate Guarantee to the lender of Vivimed Holdings Ltd.
The above decisions are consequent to Vivimed Labs Ltd acquiring James Robinson Ltd, a UK based Company through its 100% subsidiary Company and obtaining financial assistance from banks for this acquisition.
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