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Bioextrax: Entering promising partnerships - VH Corp

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* Letter of intent with a leading chemical company
* License agreement with Chematur Engineering regarding PHBV
* We keep our fair value of SEK 7.60 per share

During Q2, Bioextrax's project advanced. The company has entered into a
license agreement with Chematur Engineering AB. After the quarter, the company
also signed a letter of intent with a leading chemical company regarding
mcl-PHA. Financially, the company follows its plan and the report did not
prompt any major changes in our model. We keep our fair value of SEK 7.60 per
share.
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