RNS Number : 7786M
RCG Holdings Limited
20 September 2012
20 September 2012
RCG Holdings Limited
("RCG" or the "Company" and together with its subsidiaries, the "Group")
Investigation by the Hong Kong Police
The board of directors (the "Board") of RCG Holdings Limited (the "Company") announces that the Commercial Crime Bureau of the Hong Kong Police Force ("CCB") visited the Company's Hong Kong business office today and executed a search warrant empowering CCB, amongst other things, to take possession of certain documents and information related to certain of the Company's former subsidiaries namely Chance Best Technology Limited, Strong Aim Limited and Vast Base Technology Limited, and A-1 Development Inc. which is currently an associated company of the Company and also certain external parties namely Top Digital Holding Limited., Multi-Metro Limited and National Bonus International Limited, in connection with an investigation of possible fraud contrary to Section 16A of the Theft Ordinance.
The Company in not currently aware of the background or reasons for the investigation by CCB and will make a further announcement when further information is available.
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Enquiries:
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RCG Holdings Limited
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Tel: +852 2637 2800
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Danny Chew, Acting Chief Executive Officer
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[email protected]
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Smith & Williamson Corporate Finance Limited
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(Nominated adviser and broker)
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Dr. Azhic Basirov / David Jones
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Tel: +44 (0) 20 7131 4000
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About RCG
RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange and the PLUS market. The Company has a growth strategy focusing on long-term projects, solutions and services and development of new applications and revenue streams, particularly in the security applications industry.
This information is provided by RNS
The company news service from the London Stock Exchange
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