Braveheart logs £285,000 profit from tech firm sale
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Braveheart Investment Group has made a £285,000 profit from the sale of its stake in University of Strathclyde spin-out firm mLED.
The Perth-based investment company has offloaded its 1.25 per cent interest in the micro-LED technology specialist to a US company
Braveheart also sold a 3.75 per cent stake held by Strathclyde Investment Fund, for a total of £381,000.
Braveheart, which has an 89.3 per cent interest in the Strathclyde fund, said the net book value of the interest held by the group in mLED was £96,000 at March 31, meaning it had made a £285,000 profit on the investment.
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