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Hot Topic Hawke’s Bay
General Business
2 mins to read

Movac funds shrink stake in ASX-listed Aroa Biosurgery

Movac was quick to divest some Aroa shares after being freed from post-IPO escrow.

Julie Iles Fri, 05 Feb 2021

New Zealand-based investment firm Movac was quick to sell a portion of its shares in Aroa Biosurgery as soon as it could after the biotech company's ASX-listing in June. 

The Movac Fund 3 and Movac Sidecar 3 Fund sold millions of shares in Aroa - shrinking the firm's stake in the soft tissue

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Julie Iles Fri, 05 Feb 2021
Contact the Writer: julie@nbr.co.nz
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