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Share Price Information for Creo Medical (CREO)

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Share Price: 36.50
Bid: 36.00
Ask: 37.00
Change: 0.50 (1.39%)
Spread: 1.00 (2.778%)
Open: 36.00
High: 36.50
Low: 36.50
Prev. Close: 36.00
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China Real Estate: City Centre Vendor Allegations Unfounded

Thu, 17th Jun 2010 08:21

LONDON (Dow Jones)--China Real Estate Opportunities Plc (CREO.LN), an AIM-listed company established to acquire investment and development properties in China, announced Thursday that letters from City Center property vendors alleging certain conditions under the share purchase agreement may have occurred, which may result in payment of GBP14 million to the vendors, are without merit. MAIN FACTS: -On May. 24, 2010 and Jun. 10, 2010, CREO and CREO (Shanghai City Centre) Limited (which is a wholly-owned subsidiary of CREO) or CSCCL received letters from the vendors of the City Center property requesting certain information, and alleging that certain conditions under the Share Purchase Agreement may have occurred or may be likely to occur. -If substantiated, the allegation may potentially result in a future payment by CREO of an amount of up to GBP14 million to the vendors. -CSCCL and CREO have obtained advice and opinions from both Hong Kong and Peoples Republic of China counsel indicating that the request for information has no basis and any alleged claim for payment as set forth in the Letters have no merit. -Accordingly, CSCCL and CREO intend to defend their position vigorously. -CSCCL and CREO are of the view that the Letters have been sent at an opportunistic time in light of the impending listing by introduction of Treasury China Trust on Singapore Exchange Securities Trading Limited. -Shares at 0718 GMT stood at 420 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires June 17, 2010 03:21 ET (07:21 GMT)
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5 Apr 2019 09:11

Creo Medical loss widens as commercial launches near

(Sharecast News) - Creo Medical's shares edged lower on Friday as the company's losses increased on the back of increasing administrative expenses, though it believes it has built a "solid platform for future growth".

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5 Apr 2019 08:35

Creo Medical Loss Near-Doubles On Speedboat Device Commercialisation

LONDON (Alliance News) - Creo Medical Group PLC on Friday said its loss close to doubled in the 18 months to the end of 2018 on higher administrative expenses, as it worked to develop its surgical

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29 Mar 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 1 April Renew HoldingsTrading Statement Tuesday 2 Year Fifteen Year Year Evans

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28 Mar 2019 14:20

Six US Doctors Now Trained In Creo Medical's Speedboat Surgical Device

LONDON (Alliance News) - Creo Medical Group PLC on Thursday said the total number of doctors trained in the use of its Speedboat surgical endoscopy device in the US has risen to six.The for

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11 Feb 2019 09:48

Creo Medical nets distribution agreement for 'key' European markets

(Sharecast News) - Creo Medical on Monday entered into a framework distribution agreement with Pentax Europe to provide clinical training and market seeding across the French, German, and Italian markets.

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16 Jan 2019 12:15

Creo Medical Successfully Launches Speedboat Device In US

LONDON (Alliance News) - Creo Medical Group PLC on Wednesday said the first patient in the US was treated using the Speedboat device powered by the company's CROMA electrosurgery advanced is a

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16 Jan 2019 10:31

Creo confirms first successful US treatment using 'Speedboat'

(Sharecast News) - Medical device company Creo Medical Group announced the successful first treatment of patients in the US using its 'Speedboat' device, powered by its 'CROMA' electrosurgery advanced energy platform, on Wednesday.

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3 Dec 2018 13:13

Creo Medical's Speedboat Platform Treats First Patient In Europe

LONDON (Alliance News) - Creo Medical Group PLC on Monday said the first patient in continental Europe was treated using its Speedboat device.Speedboat is an electrosurgical platform that a

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19 Oct 2018 15:07

Creo Medical leads endoscopy training course in Kent

(Sharecast News) - Medical device company Creo Medical Group announced on Friday that the Queen Elizabeth and the Queen Mother Hospital in Margate (QEQM Hospital), part of the East Kent University Hospitals Foundation Trust, had entered into the second day of a two-day endoscopy training course for more than 40 UK clinicians, which would include live demonstrations and training on Creo's 'Speedboat' device and 'CROMA' advanced energy platform.

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17 Oct 2018 10:15

Creo Medical Enters Two Further Framework Distribution Agreements

LONDON (Alliance News) - Creo Medical Group PLC said Wednesday it has entered into two framework distribution agreements to provide clinical training and market seeding in Spain and the Benelux is

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17 Sep 2018 10:23

Creo Medical grants distribution extension to Pentax

(Sharecast News) - Surgical endoscopy firm Creo Medical entered into an addendum to its distribution agreement with Pentax Medical on Monday, extending Pentax's distribution rights for the Asia Pacific region.

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31 Aug 2018 15:04

DIRECTOR DEALINGS: Creo CEO, CTO Each Sell Shares Worth GBP600,000

LONDON (Alliance News) - Creo Medical Group PLC said Friday that Chief Executive Officer Craig Gulliford and Chief Technology Officer Chris Hancock both sold 480,000 shares in the Gulliford and at

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2 Jul 2018 13:38

Creo Medical Instructs Advisers To Start Work On Proposed Placing (ALLISS)

LONDON (Alliance News) - Creo Medical Group PLC said Monday it is considering its future funding and has instructed advisers to commence work on a proposed share placing.Initially the to it

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20 Mar 2018 13:50

Creo Medical Interim Loss Widens On Costs As Targets Revenue In 2019

LONDON (Alliance News) - Medical device firm Creo Medical Group PLC said Tuesday its half-year loss widened amid higher administrative costs as it expects full commercial of a

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9 Dec 2016 08:19

Creo Medical Shares Rise As It Starts Trading On AIM (ALLIPO)

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