Clean Science and Technology Limited Subsidiary Enters Strategic Collaboration with Switzerland-Based Geneus Chem AG
Clean Science and Technology Limited has announced that its wholly owned subsidiary, Clean-Fino Chem Limited, has entered into definitive agreements for a long-term strategic collaboration with Geneus Chem AG, a company incorporated under the laws of Switzerland.The agreement is designed to align with the Company's business strategy and is expected to bolster its specialty chemicals portfolio. Under the terms of the collaboration, Clean-Fino Chem Limited has agreed to manufacture advanced grades of HALS Products on an exclusive worldwide basis. While manufacturing operations will be conducted domestically, the finished products will be sold in both domestic and international markets.
The partnership includes a manufacturing agreement where the consideration for production will be determined by a pricing formula to be mutually agreed upon by both parties. As part of this strategic arrangement, Geneus Chem AG has agreed to issue share warrants to Clean-Fino Chem Limited. These warrants are exercisable within a four-year period from the date of issuance. Upon the exercise of these warrants, the subsidiary is set to acquire 25% of the share capital of Geneus Chem AG on a fully diluted basis for a nominal price per share.
Geneus Chem AG, which was incorporated in 2022 and is headquartered in Basel, Switzerland, is involved in the research, development, sales, manufacturing, trading, export, and import of chemical products, specifically focusing on advanced grades of HALS Products. According to information available with the Company, Geneus Chem AG is a start-up and is not currently operating at a significant scale regarding revenues.
The definitive agreements include standard commercial terms such as minimum offtake commitments, pricing mechanisms, product specifications, non-compete obligations, confidentiality, and intellectual property protections. The transaction does not involve any related party interests, as neither the promoters nor the group companies have any interest in Geneus Chem AG.
Lodha Capital Markets Ltd served as the financial advisor for this collaboration, while AZB & Partners acted as the legal advisor to the Company.
Transaction Summary Details
| Feature | Description |
|---|---|
| Subsidiary Entity | Clean-Fino Chem Limited |
| Partner Entity | Geneus Chem AG (Switzerland) |
| Core Product Focus | Advanced grades of HALS Products |
| Manufacturing Basis | Exclusive worldwide basis |
| Equity Interest | 25% of share capital (upon exercise of warrants) |
| Exercise Period | Four years from issuance of warrants |
| Financial Advisor | Lodha Capital Markets Ltd |
| Legal Advisor | AZB & Partners |
CLEAN Stock Price Movement
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