Innovent Biologics Terminates Share Subscription Agreement with Lostrancos Ventures

MT Newswires Live

2024/11/04

Innovent Biologics (HKG:1801) terminated its agreement to issue and sell over 12.8 million new series Pre-A preferred shares of Fortvita Biologics to Lostrancos Ventures following the feedback from its shareholders, a Sunday Hong Kong bourse filing said.

The company had agreed to issue and sell the said shares to the purchaser for $20.5 million on Oct. 25 in order to increase its international business.

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