The healthcare products group has agreed to pay to Alliance Unichem £50,000 of the funds to settle debts and assignment of two property leases which formed part of the acquisition of Crest Medical in 2004.

It will also issue loan notes up to £150,000 secured on Ebiox shares owned by HCEG.

The group has also agreed settlement of a dispute relating to an investment in its subsidiary Healthcare Endoscopy through payment of £25,000 in cash plus shares in HCEG, Reproductive Sciences and Ebiox.

Following the transfer, HCEG will own 27.1% of RSL and 20.6% of Ebiox.

Story provided by Business Financial Newswire