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Geong rockets after confirming offer talks

Mon, 24th Aug 2015 13:44

(ShareCast News) - Shares in Geong International rocketed after the company confirmed it was in talks with Hanafin Ltd regarding a possible offer.The AIM-listed software company said "discussions are at a very preliminary stage" and there can be no certainty a transaction will be forthcoming.Geong said it currently envisaged that any offer will be made at 5p per share in cash, which is the same price at which the company's convertible unsecured loan stock is convertible.Hanafin holds £1m of convertible unsecured loan stock in Geong, which is due to be redeemed on 30 September 2015, and which, if converted, would represent 34.6% of Geong's issued share capital.At 1351 BST, Geong shares were up 76% at 3.95p.

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10 Aug 2009 09:56

Geong cheers contract wins

China based Geong International gained on news that it has recently signed a number of new contracts with tier-two Chinese banks worth a total of RMB 7.1m. The content management software provider signed four contracts that will see it leverage existing PortalAge solutions, already used by tier-one

23 Jun 2009 08:07

Geong International profit jumps 48%

Content management software provider Geong International reported a 48% rise in full year pre-tax profit as revenue almost doubled. The Chinese based group also said it is "well placed for significant growth in 2010." "With a strong order book, improved cash collection, and our core market of Chin

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Geong rockets after confirming offer talks

Geong cheers contract wins

Geong International profit jumps 48%

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