IN BRIEF: JZ Capital shares up on sale of investee's interest on fund

JZ Capital Partners Ltd - microcap-focused investment company - Shares surge as firm issues an update on its interest in the secondary fund JZHL Secondary Fund LP. The secondary fund receives USD165 million to USD180 million as an one of its investees is selling its interests. JZ Capital expects to receive between USD89 million to USD94 million from the sale. It uplifts the firm's net asset value by between 56 to 63 US cents per ordinary share. As of March 31, that value stood at USD4.37. JZ's remaining interest in the secondary fund is valued at about USD71.2 million, it says.

Current stock price: 165.00 pence, up 61% on Monday

12-month change: up 35%

By Tom Budszus; tombudszus@alliancenews.com

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