Irish investment body paused fundraising to conduct financial due diligence

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Wealth Options Capital, which distributes investment for renewable energy firm Solar 21, paused fundraising for reasons related to delays repaying investors in a previous project

An Irish investment distributor which raised nearly €100 million for a planned renewable energy plant in Britain paused fundraising for ten weeks last year to conduct financial due diligence.

Wealth Options Capital , which acts as a promoter and distributor of investment for Solar 21, a Dublin-based renewable energy firm, confirmed that fundraising has since resumed. The reason for the pause in fundraising, which sought money to develop an energy from waste plant known as “project 2”, was related to ongoing delays in repaying investors of Solar’s first energy from waste plant.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish investment body paused fundraising to conduct financial due diligenceAn Irish investment distributor which raised nearly €100 million for a planned renewable energy plant in Britain paused fundraising for ten weeks last year to conduct financial due diligence.
Source: businessposthq - 🏆 8. / 71 Read more »

Engage XR to delist due to lack of funding in Irish stock marketThe lack of funding in the Irish stock market drove Engage XR’s decision to drop its listing and move to London, the company has said.
Source: businessposthq - 🏆 8. / 71 Read more »