IN BRIEF: Papillon Holdings annual loss widens on asset write off

Papillon Holdings PLC - asset manager headquartered in London - For 2020, posts pretax loss of GBP1.1 million, widened from GBP582,000 the year before, attributed to the write off of the intercompany due from Odessa Ventures Ltd, a company set up hold residuary Pace Cloud assets, which is due to be spun off once the reverse takeover of Mayflower Gold is completed

Current stock price: 1.33 pence

Year-to-date change: suspended

By Dayo Laniyan; dayolaniyan@alliancenews.com

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