Weiss Korea reports 'good progress' with strategic review
By Josh White
Date: Tuesday 24 Dec 2024
(Sharecast News) - Weiss Korea Opportunity Fund reported "good progress" in its ongoing strategic review on Tuesday, following its last update on 4 November.
The AIM-traded firm's board said it had received several credible third-party proposals, and was planning to evaluate shortlisted options in early January.
It said discussions and meetings with interested parties would be scheduled for the end of the month.
A final recommendation from the board was expected by the end of February.
The company committed to keeping shareholders informed, with a further market update anticipated no later than February.
At 0842 GMT, shares in Weiss Korea Opportunity Fund were down 3.65% at 132p.
Reporting by Josh White for Sharecast.com.
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