Jade Road Investments Ltd - Hong Kong based investment company - Net asset value falls to $50,000 in 2023 from $15.1 million last year. Saw net profit loss of $17.7 million narrow from $52.9 million last year. On December 31, 2023 had total cash of $80,000, down 73% from $300,000 in 2022. Disposes legacy Asian assets as they gained minimal benefit from Jade Road’s low share price. Company is currently looking to make an acquisition through a reverse takeover. Will need to raise interim capital by end of August to conduct RTO.

Chairman John Croft: says: ‘Following the restructuring outlined above, JADE effectively becomes a shell company in search of a potential acquisition via a Reverse Take Over or an alternative investment platform with new principals. Discussions are ongoing with a number of potential acquisition targets. Further details of any such putative transactions will be provided in due course.’

Current share price: 1.25 pence

12-month change: down 31%

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