In Brief

QRSciences ups stake

QRSCIENCES Holdings Limited has announced it has increased its shareholding in its subsidiary QR Sciences Limited from 58 per cent to 61 per cent.

QRSciences Holdings director Kevin Russeth said the company was pleased with the progress of the business.

The subsidiary is based in Perth and specialises in commercially-focused physical sciences research and development, particularly in the field of quadrupole resonance. One of the company’s main products is a device that can check luggage in airports for explosives or narcotics.

Woodchip sale for Great Southern

GREAT Southern Plantations has signed a contract with Japan’s Nichimen Corporation for the sale of its hardwood woodchip production for the next three years.

The woodchip agreement will result in the export of more than half a million tonnes of woodchip from the company’s plantations in southern Western Australia.

Nichimen Corporation is one of the world’s biggest general trading companies.

The woodchip will ultimately be used in the production of paper products by a Japanese paper manufacturer.

This is Great Southern’s first woodchip sale contract.

The contract will form the base for its woodchip export operations that are expected to increase rapidly over the coming years. The sale is on a free on board basis which is expected to provide higher returns to growers compared to simply selling the logs at stumpage prices.

More German listings for pSivida

PHARMACEUTICAL player pSivida has met the admission requirements for the Berlin, Munich and Stuttgart stock exchanges.

It will trade under the symbol PSI and the German securities code WKN 358705.

pSivida managing director Gavin Rezos said the additional German listings would increase the profile of the company with both institutional and retail investors across Germany and Europe.

“It provides investors abroad with the opportunity to invest in the development and commercialisation of BioSilicon while also enhancing pSivida’s existing shareholder base and corporate visibility in these key regions,” he said.






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