The Board of Directors of Advanced Enzymes USA (AEU), a wholly owned subsidiary of Advanced Enzyme Technologies has accorded its approval for formation of a new corporation in California (US) to be named as Starya Labs, Inc (Starya Labs). In view of this, Starya Labs will be a step down wholly owned subsidiary of Advanced Enzyme Technologies.
Cal-India Foods International USA (SEB), a step-down wholly owned subsidiary of Advanced Enzyme Technologies and wholly owned subsidiairy of AEU to spin-off and transfer its enzyme/probiotic laboratory testing services (SEB Lab) together with certain assets and liabilities related to the said SEB Lab into Starya Labs. The said new corporation, Starya Labs will be a wholly owned subsidiary of AEU.
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