egoli - News & Views [Xceed Biotechnology soars on plans to split off PolyNovo]

egoli - News & Views [Xceed Biotechnology soars on plans to split off PolyNovo]: "Shares in Xceed Biotechnology Limited (XBL) rallied more than 40% after it announced it would look to demerge its 64% owned subsidiary, PolyNovo Biomaterials. The company said it would distribute all of the shares it holds in PolyNovo to its shareholders, which would occur in conjunction with an IPO of PolyNovo on ASX."