Human Unitec International (OTCMKTS:HMNU) is one of the biggest gainers on Tuesday after the news.
Market Action
As of 10:15, HMNU stock soared 24% to $0.0130 with more than 831K shares, compared to its average volume of 891K shares. The stock has moved within a range of $0.0110 – 0.0130 after opening the trade at $0.0111.
Major Trigger:
Human Unitec International Inc Announces Strategic Acquisition of Subtantial Shares of Ventian Cluster
Key Highlights:
- HMNU announced a strategic acquisition of substantial shares in Venetian Cluster, SRL.,
- Venetian Cluster is the only productive cluster of environmental and cultural heritage in Italy. Its main target is to realize national and international projects about innovation, technological transfer, internationalization and training for the public and private supply chain with cultural and environmental heritage.
- Through its services, Venetian Cluster coordinates in Italy 800 companies and 24 bodies such as Universities, research centers, public bodies and laboratories, moreover it collaborates with almost 2000 partners in the world. In these years, the Cluster has realized 90 innovations, policy and research projects for a total budget of more than 60 Million Euro.
- The terms of the agreement provides for Human Unitec International acquiring 22% Venetian Cluster’s capital shares. Human Unitec International agrees to contribute with its management and finance activities with common interest. Human Unitec International has agreed to facilitate the channel for the introduction of the Venetian Cluster more than 800 companies into the North American markets.
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