12th Jun 2020 14:33
Origo Partners PLC - Isle Of Man-headquartered closed-end investment company - Celadon Mining Ltd controlling shareholder agreed to sell Celadon's assets for approximately RMB330 million net to Celadon or around USD47 million. Controlling shareholder to return return net sale proceeds to shareholder via buyback, which would equate to around USD4.2 million for Origo. Origo invested around USD13.2 million in Celadon in 2011. At accounts dated June 2019, Celadon investment carried at fair value of USD1.1 million.
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By Anna Farley; [email protected]
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