Bug killing germ warriorZoono (ASX:ZNO) is set to drop a court case against a hand sanitiser business after the business was placed into liquidation.
Zoono, whichmakes anti-microbial sprays designed tokill germs and treat acne, launched a joint venture called Stayzon Retail Ventures in May 2017.
Under the agreement, Zoono would sell the Stayzon product range, which included a revolutionary alcohol-free, 24-hour protection hand sanitiser.
But Zoono told the market this morning that Stayzon had been placed into voluntary liquidation by its directors, and as such, it was likely to cease legal proceedings that began in December last year.
Stayzon Retail Ventures ownership was split down the middle between Zoono and MCS C…
Read the full article at: https://stockhead.com.au/health/zoono-likely-to-drop-court-case-against-a-hand-sanitiser-business-after-it-goes-into-liquidation/