Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Novacyt confirms end of Yourgene Taiwan disposal discussions

(Sharecast News) - Novacyt announced on Tuesday that it had received formal notification from INEX Innovate terminating discussions around the acquisition of Yourgene Health Taiwan. The AIM-traded firm noted that Yourgene Health initially announced the acquisition on 13 June 2023.

As a result of the termination, Yourgene's Taiwanese laboratory business would remain within the Novacyt group.

"The board does not consider the divestment material and will continue to evaluate a number of options in relation to the future of the Taiwanese laboratory business that offer the best value to all stakeholders," the Novacyt board said in its statement.

At 1158 GMT, shares in Novacyt were down 5.77% at 47.35p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Griffin Mining confident despite Q1 dip in production
(Sharecast News) - Griffin Mining reported a sharp year-on-year decline in production at its Caijiaying Zinc-Gold Mine in the first quarter of 2025 on Thursday, as the lingering impact of a fatal accident and seasonal disruptions weighed on output.
Camellia subsidiary signs deal for potential sale of tea estate
(Sharecast News) - Camellia confirmed on Thursday that its 74%-owned Indian subsidiary, Goodricke Group, has signed a non-binding memorandum of understanding for the proposed sale of the Leesh River Tea Estate.
Metals One reports progress on projects in Finland, Norway
(Sharecast News) - Metals One updated the market on its strategy to advance a portfolio of critical minerals projects across northern Europe on Thursday, with a near-term focus on copper and nickel exploration in Finland and Norway.
TSMC reports strong start to year, denies rumours of Intel tie-up
(Sharecast News) - Taiwan Semiconductor Manufacturing Company (TSMC) reported a robust start to 2025 on Thursday, posting a 60.3% year-on-year increase in first-quarter net income to TWD 361.56bn (£8.39bn) and a 41.6% rise in revenue to TWD 839.25bn.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.