Pacific Channel Limited agreed to acquire an unknown minority stake in Orbis Diagnostics Limited from Powerhouse Ventures Limited (ASX:PVL) on May 12, 2021. Transaction is conditional upon approvals from Orbis, in particular, satisfying all pre-emptive share transfer rights as contained within Orbis's Shareholders Agreement and Constitution. Proceeds from the sale (~$NZ360,000) will be allocated to working capital.

Pacific Channel Limited completed the acquisition of an unknown minority stake in Orbis Diagnostics Limited from Powerhouse Ventures Limited (ASX:PVL) on November 16, 2021.