BGTI Bgenuinetec

TIDMBGTI

RNS Number : 2217Z

BgenuineTec Inc.

11 January 2011

FOR IMMEDIATE RELEASE

11 January 2011

BgenuineTec Inc

("BgenuineTec" or the "Company")

Suspension of Trading on AIM

BgenuineTec announced on 31 December 2010 that the Company is continuing to seek further funding necessary to secure the Company's future, but that a proposed fundraising was unable to proceed due to action brought against the Company through the Japanese courts by certain shareholders. These matters have not yet been resolved and as a consequence the position regarding the proposed fund raising remains uncertain.

As stated previously, the Company has funds sufficient to trade until 14 January 2011, but due to the on-going uncertainty regarding the proposed fund raising, the board has requested that trading in the Company's shares be suspended pending further clarification of the Company's financial position.

A further announcement will be made as soon as possible.

For further information, please contact:

BgenuineTec Inc +81-3-5652-0321

Taketoshi Kashiwabara

(Chairman)

Hiroaki Kunieda

(Chief Executive)

Charles Stanley Securities +44 (0)20 7149 6000

Nominated Adviser

Russell Cook / Dugald Carlean

This information is provided by RNS

The company news service from the London Stock Exchange

END

SRSBMMRTMBABBTB

Bgenuinetec (LSE:BGTI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Bgenuinetec (LSE:BGTI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024