Tech Invest looking to offload WDB HealthCare shares
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Tech Invest Group wants to sell 100 percent of its shares in medical insurance agency WDB HealthCare, the company stated. According to new regulations coming into force in October 2018, brokers will not be allowed to own shares in an insurance agent, apart from shares listed on regulated markets. Secondly, WDB HealthCare has not met its sales targets and hasn’t reached a break-even point yet, and will require more outside financing, TIG said in a market filing.
