Booster Investment Management Limited (Booster) has announced an increase in the value of its Booster Innovation Fund (BIF) of 3.1%, resulting in a net asset value per unit of $1.482.
This is due to a reassessment of the value of one of its businesses in the Fund's investment portfolio which is in advanced discussions with investors and major customers for the raising of additional capital.
There remains potential for a further increase of 1.7% of the Fund's current value if the transaction completes as anticipated.
Booster will continue to monitor this transaction and will reassess its carrying value accordingly.
See more
