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Zecotek Photonics Inc ZMSPF

Healthcare Medical Devices
Zecotek Photonics Inc is in the business of research and development of photonics technologies. The company is focused on creating advanced materials and integrated optoelectronic devices for high-resolution medical imaging, optical precision surgery, and biopharmaceutical research. It operates in three divisions which include Imaging systems, Optronics systems, and 3D display systems with labs located in Canada, Korea, Russia, Singapore, and the U.S.A. The company develops products such as scintillation crystals, solid-state, photodetectors, positron emission tomography scanning components, lasers, and 3D display and 3D printing technologies. These products are used in sectors such as healthcare, scientific and industrial.


GREY:ZMSPF - Post by User

Zecotek Photonics Inc > ZMS and capital loss for tax 2021 purposes
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Comment by Pandoraon Jan 25, 2022 10:43pm
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Post# 34360852

RE:RE:RE:RE:RE:ZMS and capital loss for tax 2021 purposes

RE:RE:RE:RE:RE:ZMS and capital loss for tax 2021 purposes
From the final MD&A that was issued: (So do you suppose the private company managed to make a profit from this move?) No mention of the IP Patents potential either -- where did they end up?)

Zecotek proposes to sell all of the issued and outstanding shares of its 90% owned subsidiaries, Zecotek Imaging Systems Pte Ltd. (ZIS) and Zecotek Display
Systems Pte Ltd. (ZDS) to Zecotek Holdings Singapore Pte Ltd. (ZHS).

**ZHS is a private company controlled by the President and CEO of Zecotek.

Zecotek and ZHS have not yet entered into formal agreements regarding the
disposition.

The transaction is subject to approval of the Company’s shareholders and final acceptance by the TSX Venture Exchange, which has not incurred as of January 31, 2020. (I believe that action transpired but can't say for sure).

The subsidiaries have been reclassified to assets held for sale as of January 31, 2020.
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