Geong International Limited Audit update
September 14 2015 - 8:44AM
UK Regulatory
TIDMGNG
GEONG International Limited
("GEONG" or the "Company")
Audit update
GEONG International Limited (AIM: GNG), the AIM listed, Beijing based, provider
of content management software and solutions, announces that as part of the
ongoing audit process it is reviewing the recoverability of its trade debtors
and accrued income which as at the interim date stood at GBP21.6m. While a final
conclusion has not yet been reached, the directors believe that they are likely
to conclude that a significant provision will be required against these.
Further announcements will be made in due course.
For further information, please contact:
GEONG International Limited Tel: +86 10 8586 9655
Henry Tse, Chairman
Weidong Wang, CEO
finnCap Ltd - Nomad and broker Tel: +44 (0) 20 7220 0500
Jonny Franklin-Adams / Scott Mathieson
END
(END) Dow Jones Newswires
September 14, 2015 09:44 ET (13:44 GMT)
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