Versarien (GB:VRS) has released an update.
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Versarien PLC has extended the deadline for MCK Tech Co. Ltd to pay the remaining balance of £242,000 plus interest for the purchase of its Korean assets, with a new due date set for December 31, 2024. The outstanding debt will incur a 10% annual interest rate, and in case of default, Versarien will retain all payments made so far while keeping ownership of the assets. This strategic move is part of Versarien’s ongoing efforts to focus on a manufacturing-light and licensing model.
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