Origo Partners PLC Niutech Divestment (3213N)
17 January 2019 - 6:00PM
UK Regulatory
TIDMOPP TIDMOPPP
RNS Number : 3213N
Origo Partners PLC
17 January 2019
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 IOMA House
John Chapman Hope Street
Chairman Douglas
Isle of Man IM1 1AP
Nominated Adviser and Broker
Arden Partners plc
Steve Douglas
Ben Cryer
Tom Price +44 (0)20 7614 5900
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contact rns@lseg.com or visit www.rns.com.
END
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January 17, 2019 02:00 ET (07:00 GMT)
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