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 £21.6m. 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