24th Dec 2019 09:59
(Alliance News) - Origo Partners PLC on Tuesday said a "liquidity event" for investee Celadon Mining has not yet occurred.
This had been predicted by Celadon to occur in November.
"The board will provide a further update in due course; however, as previously noted the board has no oversight over the Celadon sale process," Origo said.
Origo's remaining assets are expected to be put up for auction in January, with a further announcement identifying those assets and the auction procedures to be made next year.
Shares in investment company Origo were untraded at 0.21 pence in London on Tuesday.
By Lucy Heming; [email protected]
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