Weiss Korea reports 'good progress' with strategic review

(Sharecast News) - Weiss Korea Opportunity Fund reported "good progress" in its ongoing strategic review on Tuesday, following its last update on 4 November.

The AIM-traded firm's board said it had received several credible third-party proposals, and was planning to evaluate shortlisted options in early January.

It said discussions and meetings with interested parties would be scheduled for the end of the month.

A final recommendation from the board was expected by the end of February.

The company committed to keeping shareholders informed, with a further market update anticipated no later than February.

At 0842 GMT, shares in Weiss Korea Opportunity Fund were down 3.65% at 132p.

Reporting by Josh White for Sharecast.com.