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CHT Sale Update

October 17, 2019

Dear Investors,

 

We are almost at the end of the week now, and it looks like our initial hopes of finalizing a sale deal is going to bleed into the following week.

 

We would like to reiterate that a deal in principle is still in place. We do place great importance in the safety of funds and positive outcomes for our investors. At the moment, there is a slight delay in the due diligence process, which has caused our time frame to be extended.

 

What we can reveal at the moment is that the group that we are dealing with are a licensed & regulated operation based in Europe, which was highly appealing to us. We believe they have the capacity & resources to manage the fund. Even though the entity is a multinational operation, we would still like to do our due diligence to ensure the best possible outcome for our investors.

 

Once we have completed exchange of information, we can complete the background checks & the due diligence process, which takes at least 3 business days. After that, we will have the sale/transfer contract done. Both parties are endeavouring to complete the necessary processes, and are looking forward to make Countinghouse Fund a very viable long term proposition.

 

Over the course of next week, we will continue to post updates as and when they happen.

 

 

Best Regards,

 

The Countinghouse Team

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