Clear Leisure Plc announces new business investment and initiative

  • Dec 16, 2019 GMT
  • Team Kalkine

Clear Leisure Plc (LON: CLP) based on the 3D mapping technology of GeoSim Systems Ltd has announced a proposed new business investment and initiative.

  • GeoSim Systems Ltd is an Israeli company in which Clear Leisure Plc is having 4.53 per cent of shareholding.
  • The company is planning to use GeoSim’s technology under licence to launch two projects to develop Digital Twins for London and Milan, and the company intends to incorporate two new Italian domiciled companies in coming few weeks.
  • The board of the company expects that the total cost of completing the London Digital Twin will be around €5 million and around €2 million to complete the Milan Digital Twin.
  • On 16th December 2019, at the time of writing, GMT 08:35 AM, CLP shares were trading at GBX 0.28, up by 0.01 points or 1.82% against the previous day closing price.

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