London-based mining company GCM Resources announced Friday it sold its investment in Polo Resources.
The group's 74.8m shares in Polo, representing a 2.7% stake, were sold as one block to an undisclosed Malaysian investor for £1.9m.
GCM made a total return, including dividends, of £2.8m on its original investment.
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The news comes after the resignation of Director Graham Taggart, reported Wednesday.
GCM is engaged in the development of the Phulbari coal project in Bangladesh.
Shares fell 0.79% to 31.50p at 09:43 Friday.
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