Minnos Ventures Inc entered into an agreement to acquire BiON Ventures Sdn Bhd from BiON plc (AIM:BION) for MYR 5.54 (£1) on March 31, 2022. For the period ended December 31, 2022, BiON Ventures reported net loss of MYR 1 million and Total common equity of MYR 13.5 million. Transaction is subject to BiON shareholders approval. The Bion board has approved the transaction. The disposal is expected to be take place on April 19, 2022. Beaumont Cornish Limited acted as a financial advisor to BiON plc.

Minnos Ventures Inc completed the acquisition of BiON Ventures Sdn Bhd from BiON plc (AIM:BION) on April 19, 2022.