Speech recognition services provider Eckoh is selling its 27.5% in interactive services provider Telecom Express for £100,000.
Eckoh acquired the stake in May 2010 when it merged its interactive voice response division with the business. The stake was completely written off in the 2010-11 accounts. The write-down was £115,000.
The payment will be in three equal instalments – the first on 1 June, the second by 3 August and the third by 1 February 2013.
At 11p a share, Eckoh is valued at £22m. The shares have risen by 57% over the past year.
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