LONDON (Alliance News) - The administrators of Globo PLC, a mobile technology business, on Tuesday said they do not expect there to be any returns for shareholders.
The administrators expect the companies shares to be cancelled from trading on AIM on December 1.
Globo has been caught up in a scandal involving "certain matters regarding the falsification of data and the misrepresentation of the company's financial situation".
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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