(Alliance News) - Origo Partners PLC on Monday noted the recent large trading volumes and movements in its share price.
The Isle of Man-based investment firm said it has no information that explains this large volume and price movement.
Origo Partners said it has no information concerning its assets beyond what was set forth in its latest announcement.
Back in January, Origo reported that investee Celadon Mining Ltd's takeover by its controlling shareholder was not yet completed. This followed an announcement in June, when Origo Partners said Celadon had agreed on the terms to sell assets but that the closing was contingent on travel restrictions being lifted in some Asian countries. Those restrictions have not yet been lifted, preventing the transaction from closing.
Similarly, due to travel restrictions, Origo Partners' investee Gobi Coal & Energy Ltd sale process has not come to fruition yet. Gobi Coal has additionally informed Origo Partners that it will likely need to raise additional capital to see the sale process to conclusion.
Origo Partners shares were trading 40% lower in London on Monday at 0.15 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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