LONDON (Alliance News) - Northwest Investment Group Ltd on Tuesday said it is continuing to search for investments to make after a couple of opportunities collapsed in the first half.
The company said it opened talks in early 2015 for an energy project investment, but this fell apart due to "communication issues encountered in the preparation of documentation".
In addition, two hydropower companies, unnamed by Northwest, decided against raising money on the London Stock Exchange in combination with Northwest after the strong performance of the Chinese stock market in the first half.
The company said it continues to seek possible investments.
It made a pretax loss of 144,720 in the first half to the end of June, compared to GBP144,200 a year earlier. It makes no revenue.
Northwest shares were untraded on Tuesday, having last traded at 0.510 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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