All Active Asset Capital Ltd - London-based firm seeking investment opportunities in the technology, software and artificial intelligence space - Sells 7% stake in Allure Group Co Ltd to Oxbow Enterprise Ltd, an existing shareholder of AAA, for a cash consideration of GBP100,000. The sale is expected to complete by the end of February.
Allure is the holding company for Myanmar Allure Group Co Ltd, which owns and operates the Allure Resort, a hotel in Myanmar.
The book value of the interest in AAA's latest unaudited financial statements was GBP150,000.
"The net proceeds from the sale will be used for the general working capital purposes of the company," All Active says.
Current stock price: 27.85 pence, up 8.0% on Monday
Year-to-date change: up 69%
By Paul McGowan; paulmcgowan@alliancenews.com
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