09 June 2015

Two listed companies connected to Brighton SPC suspended

In the ongoing fallout from the investigations into companies with links to Belvedere Management, two British companies listed on Denmark’s GXG Markets exchange were suspended on Wednesday. This follows from the announcement earlier in the week that the Cayman Island’s Monetary Authority (CIMA) had placed Brighton SPC in controllership.

Fulhold Pharma Plc and Eligere Investments Plc are both connected to the Brighton umbrella fund, although through different cells. Fulhold also has close ties to one of Belvedere’s major shareholders, David Cosgrove.

1 comment:

kunal dusane said...

Rs 1.5 lakh crore loans to power projcets may turn NPAs over new bad debt rules: Banks.

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