Ascendis Health, whose shares have lost 96% of their value over the past five years, says it has no plans to delist after inking R802m worth of deals for three of its remaining businesses.
The sale of most of its assets for a sum of twice its current market value, would leave the group with its consumer brands division, which includes vitamins and supplements under brands such Solal, Vitaforce and Junglevite, as well as R200m in cash...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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