Jade Road Investments Ltd - Hong Kong based investment company - Enters investment agreement with Woollard & Hall Ltd to invest in Unique Property Investment Group Ltd and WestOne Capital Group Ltd. It will target real estate including the assisted living sector in the UK and international markets.
The company plans a new round of equity fundraising due to agreement reached with WH. Ahead of the fundraising, the company has constituted up to £250,000 zero coupon unsecured convertible loan notes with a maturity of 12 months and a conversion price of 1.0 pence to issue to WH.
It says it no longer seeks further convertible loan issuance through its partnership with MBM Ltd.
Chair John Croft said: ‘We are delighted to be working with the WH Group providing a platform to deliver their vision of investing in high-yielding and secure investment opportunities in the UK real estate sector.’
Current stock price: 0.18 pence
12-month change: down 91%
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