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Watchstone extends due date on sale of Canadian Healthcare business
29th Nov 2019 09:09
(Sharecast News) - Watchstone Group updated the market on the sale of its Canadian Healthcare business to a subsidiary of LM Holdings on Friday, announcing an extension to the long stop completion date.
The AIM-traded firm said its Canadian subsidiary, Quindell Services, was still awaiting a final change of control consent over its agreement to sell PT Healthcare Solutions and other subsidiaries forming its Canadian Healthcare services business to '11628542 Canada' - a wholly-owned subsidiary of LM Holdings.
"The parties have, therefore, agreed to extend the long stop completion date to 31 December as they await the final consent," the Watchstone board said in its short statement.
The AIM-traded firm said its Canadian subsidiary, Quindell Services, was still awaiting a final change of control consent over its agreement to sell PT Healthcare Solutions and other subsidiaries forming its Canadian Healthcare services business to '11628542 Canada' - a wholly-owned subsidiary of LM Holdings.
"The parties have, therefore, agreed to extend the long stop completion date to 31 December as they await the final consent," the Watchstone board said in its short statement.