Wellnex Life: Shares shine on teeth whitening acquisition

Wellnex Life Shares shine on teeth whitening acquisition

• Wellnex Life (WNX) is set to acquire teeth whitening brand Mr Bright
• The company entered a binding asset sale agreement to acquire 100 per cent of the premium teeth whitening brand, subject to shareholder approval
• The acquisition is for $1.5 million in ordinary shares in Wellnex at a minimum price of 10 cents per share, or the five-day VWAP price immediately prior to settlement
• Mr Bright offers a range of premium take-home teeth whitening solutions, using the latest in high-tech, safe dental technology
• WellnexLife is up 12.2 per cent and trading at 9.2 cents at 1:30 pm AEST