London South East reports that GNG’s shares were suspended from trading on AIM on Wednesday (http://www.lse.co.uk/AllNews.asp?code=36nral97&headline=UPDATE_Geong_International_Shares_Suspended_From_Trading_On_AIM)
The company late Wednesday said it faced an “unavoidable delay” in providing some banking information, meaning its auditors were unable to sign off the accounts on time before the end of Wednesday, the last day the company had to post its interim results before being suspended.
“The board and the management will follow up with the banks as soon as the Chinese national holidays are over on October 8, 2015 and will provide the needed information to the auditors as soon as it is ready,” it said.
Absolutely appalling. That’s the last we’ll hear from them, then. Game over.
Their nominated advisor, FinCapp, has resigned, causing the GNG to be suspended.
What a total disgrace AIM is. To think that the London Stock Exchange want to make it easier for Chinese companies to be listed.
Words fail me.