15th Mar 2019 09:24
LONDON (Alliance News) - Origo Partners PLC on Friday said it terminated its investment advisor, Origo Advisers Ltd, with immediate effect "for cause".
Shares in the company were trading up 71% at 0.30 pence each following the news.
"The board will continue to monitor the company's portfolio with a view to liquidating the company's remaining assets and returning excess capital to shareholders," Origo added.
The private equity investor is currently evaluating whether to carry out this plan by itself or if appointing a new advisor.
Related Shares:
OPP.L