Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Perfect Holding SA
  6. News
  7. Summary
    PRFN   CH0009115129

PERFECT HOLDING SA

(PRFN)
Delayed Quote. Delayed Swiss Exchange - 01/21 11:30:05 am
0.076 CHF   +0.66%
2021PERFECT : H1 Profit Sinks On Zero Revenue Generation
MT
2021PERFECT : 30.06.2021
PU
2021PERFECT : 29.09.2021 en
PU
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Perfect : 17.08.2021 EN

08/17/2021 | 12:43am EST

LAUSANNE, AUGUST 17, 2021

PERFECT HOLDING SA PUBLISHES THE FOLLOWING PRESS RELEASE AND AD HOC ANNOUNCEMENT:

SIGNATURE OF A MEMORANDUM

OF UNDERSTANDING WITH KINARUS AG

Perfect Holding SA ("Perfect Holding") announces that it has signed on August 16, 2021 a non-binding Memorandum of Understanding ("MoU") with the clinical-stage pharmaceutical company Kinarus AG ("Kinarus") regarding Perfect Holding's envisaged acquisition of Kinarus by way of a share exchange.

The transaction contemplated by the MoU is an issuance of new shares by Perfect Holding to the shareholders of Kinarus in exchange for the contribution in kind by such shareholders to Perfect Holding of all or a qualified majority of the shares in Kinarus. This transaction would enable the Perfect Holding Group to enter the pharmaceutical sector, which offers much more growth potential than the current business activities of the Group.

In view of the respective valuations of Perfect Holding and Kinarus which are currently being reviewed and confirmed, such transaction (designated as a "reverse take-over" or "RTO") would naturally result in a dilution of the shareholding of the existing shareholders of Perfect Holding. Perfect Holding will prepare, in accordance with applicable regulations, a prospectus for the issuance of such new shares in view of their planned listing on SIX Swiss Exchange.

Kinarus (www.kinarus.com) is a privately owned clinical-stage pharmaceutical company formed in Basel, Switzerland, in 2017. Managed by experienced healthcare executives, Kinarus is focused on bringing novel treatments to patients suffering from serious viral, respiratory and ophthalmic diseases. The company's unique and innovative combinatorial therapeutic candidate KIN001 has the potential to transform numerous therapeutic areas such as Covid-19 (currently in phase 2 clinical trials), age-related macular degeneration (wet AMD) and idiopathic pulmonary fibrosis (IPF).

The implementation of the transaction is subject to conditions, including finalisation of the ongoing valuation and contract negotiations, satisfactory completion of other pre-transaction legal, administrative and regulatory steps, successful completion of a pre-RTO funding round at Kinarus to ensure the funding of its development projects, and approval of the envisaged transaction by shareholders of both companies.

The Board of directors of Perfect Holding plans to present this very interesting project for approval to its shareholders in the coming months.

PERFECT HOLDING SA - AVENUE DE FLORIMONT 3 - 1006 LAUSANNE - SWITZERLAND

TEL. +41 21 552 60 16 - WWW.PERFECT.AERO

KINARUS AG - HOCHBERGERSTRASSE 60C - 4057 BASEL - SWITZERLAND

TEL +41 61 633 29 71 - WWW.KINARUS.COM

Disclaimer

Perfect Holding SA published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 04:42:03 UTC.


ę Publicnow 2021
All news about PERFECT HOLDING SA
2021PERFECT : H1 Profit Sinks On Zero Revenue Generation
MT
2021PERFECT : 30.06.2021
PU
2021PERFECT : 29.09.2021 en
PU
2021PERFECT : 17.08.2021 en
PU
2021Kinarus AG entered into a non-binding Memorandum of Understanding to acquire Perfect Ho..
CI
2021Perfect Holding SA Reports Earnings Results for the Full Year Ended December 31, 2020
CI
2021Perfect Holding SA Auditor Raises 'Going Concern' Doubt
CI
2021PERFECT : 31.03.2021 en
PU
2021PERFECT : 12.02.2021 en
PU
2020Perfect Holding Sa Reports Earnings Results for the Half Year Ended June 30, 2020
CI
More news
Financials
Sales 2020 4,11 M 4,51 M 4,51 M
Net income 2020 -0,01 M -0,01 M -0,01 M
Net Debt 2020 0,22 M 0,24 M 0,24 M
P/E ratio 2020 -1 976x
Yield 2020 -
Capitalization 12,4 M 13,6 M 13,6 M
EV / Sales 2019 0,19x
EV / Sales 2020 3,62x
Nbr of Employees -
Free-Float -
Chart PERFECT HOLDING SA
Duration : Period :
Perfect Holding SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PERFECT HOLDING SA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Managers and Directors
Anouck Ansermoz Chairman & Chief Financial Officer
Stephen Grey Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
PERFECT HOLDING SA-1.95%14
SOUTHWEST AIRLINES CO.3.50%26 246
DELTA AIR LINES, INC.-0.61%24 772
RYANAIR HOLDINGS PLC10.82%21 714
AIR CHINA LIMITED12.13%19 112
CHINA SOUTHERN AIRLINES COMPANY LIMITED10.92%17 478