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Cairo – Mubasher: The board of Speed Medical Company (SPMD) has approved the complete exit from Prime Speed Medical Services Company, in which the company owns a 30% stake.
The company will exit from Prime Speed Medical, provided that the full profits share of SPMD is paid, according to a bourse filing on Thursday.
Meanwhile, SPMD's board has also agreed on the complete exit from Misr Labs company, in which the company holds 30% of its shares, at the nominal value.
The establishment of a new lab chain with exclusive ownership of Speed Medical was also approved for launching 200 branches with the same idea of Misr laboratories under the brand name 'Al-Watan Laboratories'.
Source: Mubasher
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