17 Jan 2019 07:00
NOT FOR RELEASE IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OTHER THAN THE UNITED KINGDOM
17 January 2019
Origo Partners plc
Sale of Shares in Niutech Energy Limited
Origo Partners Plc has sold its remaining interest in Niutech Energy Limited for approximately USD 2.1 million and has received 90 per cent of the sale proceeds with the remainder due upon the fulfillment of certain conditions. The sale price was at a discount of 20% to book value, partially reflecting depreciation of the RMB as against the US dollar since the last reporting period. Origo Partners Plc expects to use the proceeds of this sale for general corporate purposes.
Ends
For further information about Origo Partners plc please visit www.origoplc.com or contact:
Origo Partners plc John Chapman Chairman | IOMA House Hope Street Douglas Isle of Man IM1 1AP |
Nominated Adviser and Broker Arden Partners plc Steve Douglas Ben Cryer Tom Price | +44 (0)20 7614 5900 |
OPP.L (OPP)
OPPP.L (OPPP)