Chrysalis Investments Limited (GB:CHRY) has released an update.
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Chrysalis Investments Limited reports progressive discussions with wefox management to streamline the company’s business model and propel it towards profitability. The investment firm remains optimistic about wefox’s future, having recently invested €3 million as part of a €20 million funding round from shareholders. Despite a reduction in the valuation of Chrysalis’s investment in wefox, which now represents a smaller percentage of the firm’s net asset value compared to the previous quarter, Chrysalis is confident in wefox’s ongoing shareholder support.
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