Movac funds shrink stake in ASX-listed Aroa Biosurgery
Movac was quick to divest some Aroa shares after being freed from post-IPO escrow.
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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