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LONDON (Alliance News) - TMT Investments PLC said Thursday that the value of its investment in portfolio company Virool Inc has more than doubled following a recently completed equity financing round.
The company said the uplift in fair value is USD1.31 million, or 161% compared to its latest announce amount. It is equivalent to 4.7 cents in additional net asset value per share.
Shares in TMT are untraded Thursday morning. It last closed at 1.75 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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