M&A
confidence high
sentiment neutral
materiality 0.50
Bio Essence sells subsidiary BEP for $300K; director Sharon Mair resigns
Bio Essence Corp
- Sold wholly owned subsidiary Bio Essence Pharmaceutical to Newways, Inc. for $300,000 cash; close expected by Dec 31, 2023.
- Board approved sale on Dec 5, 2023; Stock Purchase Agreement executed Dec 12, 2023.
- Director Sharon Mair resigned from Board effective Dec 8, 2023, with no material dispute reported.