Concha has decided to build up a portfolio of technology, media and entertainment investments rather than acquire one business.
This requires a change in the company’s investing policy.
Concha was formerly Hot Tuna International. Concha has provided Churchill Media with a loan facility of up to £750,000. The loan is repayable by 9 January 2013.
At 11 May 2012, Concha had more than £300,000 in the bank and potential liabilities of £175,000.
At 0.041p a share, Concha is valued at £1.27m.
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