Juridica Investments said the board continued to reduce operating expenses and to work with the company's manager to monetise all of the remaining investments.
An update said that there were two remaining litigation investments and the board and manager believe that both have the potential to generate significant value for the company and are optimistic that these litigations will be resolved by the end of December.
The update continued: 'Investors should be assured that the board of directors will continue to operate the company efficiently and monetise the company's remaining investments in an orderly fashion so as to preserve and realise the full value of all remaining investments.'
It said further details would be included in the company's year-end 2017 results to be released as soon as practicable.
It said: 'The board of directors continues to reduce operating expenses; having agreed to pay the company's manager Q1 & Q2 2018 management fee of US$125,000.00 per quarter - to be reviewed after Q2 2018.'
At 8:28am: (LON:JIL) Juridica Investments Ltd share price was +0.65p at 10.5p