Powerhouse to sell stake in troubled Motim Technologies
Documents obtained under the Official Information Act show Motim is in financial distress.
Calida Smylie
Tue, 13 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Powerhouse Ventures has received an offer for portfolio company Motim Technologies, which is dancing with liquidation.
The Christchurch-based technology incubator has issued an ASX release after receiving questions from NBR, which details the offer.
The deal, from US-based CrossTech Partners,
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Calida Smylie
Tue, 13 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.