Brief: Vault Ventures Says Trading & Investment By Company In Crypto Assets Led To Significant Losses
BRIEF-Vault Ventures Says Trading & Investment By Company In Crypto Assets Led To Significant Losses June 5 (Reuters) - Vault Ventures PLC VULT.ASE:
VAULT VENTURES PLC: BOARD IDENTIFIED THAT TRADING AND INVESTMENT BY VV IN CRYPTO ASSETS HAS LED TO SIGNIFICANT LOSSES
VAULT VENTURES PLC: BOARD RESOLVED TO WRITE DOWN LOAN ADVANCED DUBAI SUBSIDIARY, WHICH HAD A CARRYING VALUE OF APPROXIMATELY £2.15M
VAULT VENTURES PLC: DISCUSSIONS REMAIN ONGOING REGARDING RESIDUAL ASSETS HELD WITHIN STRUCTURE AND POTENTIAL FUTURE RECOVERIES REMAIN POSSIBLE
VAULT VENTURES - WRITE-DOWN DOES NOT AFFECT SHORT-TERM CASH OR GOING CONCERN
Source text: ID:nPRr52670a
Further company coverage: VULT.ASE