News blog

LZYE Group

  • BY: Andrew Hore |
  • POSTED: 19/05/2014 |

Hong Kong-based children’s education provider LZYE Group is asking creditors to accept 20% of the money they are owed by the company.

The creditors have until 22 May to respond to the letter that has been sent to them.

On 14 May, Zeus Capital resigned as nominated adviser and broker, while Dominic Yeung resigned as a director. A new nominated adviser is required by 16 June or the share quotation will be cancelled. The board recently failed to get support from enough shareholders to cancel the quotation but it might happen anyway.

At one point the share price fell to 0.1p a share following the plans to cancel the quotation. The share price had recovered to 0.35p a share by the time trading in the shares was suspended on the 14 May but the bid/offer spread is 0.25p/0.65p.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2014_56.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds