Vela Technologies (GB:VELA) has released an update.
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Vela Technologies PLC experienced a significant decrease in total asset value by £2.737 million this quarter, primarily due to a substantial loss in their investment in Conduit Pharmaceuticals Inc. Despite this, the company saw minor profits and gains in its listed portfolio excluding Conduit, with no new acquisitions made. The firm’s other principal investments continue to perform well, suggesting potential future recovery in market value.
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