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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CSPC Pharmaceutical Group Limited | TG:CVG | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0106 | -1.48% | 0.7076 | 0.6932 | 0.7228 | 0.6946 | 0.6946 | 0.6946 | 215 | 22:50:08 |
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RNS Number:6792L
Convergent Communications PLC
29 May 2003
CONVERGENT COMMUNICATIONS PLC
COMMENT RE: SUSPENSION OF TRADING
The Company announces that it has today requested a suspension in the trading of
its shares.
The Company has been considering its position in its market for some time and
has initiated discussions with a number of parties with regard to the sale of
Convergent Telecom Limited, the Company's remaining trading business. These
discussions have been held following dialogue with the Company's bankers.
Several bids have been received.
The Board is of the opinion that there is a material uncertainty over the likely
value achievable by the sale of Convergent Telecom Limited and that the sale
process may leave no real value for shareholders. The Board has concluded that
it is inappropriate for trading in the shares to continue whilst this
uncertainty remains.
Further announcements will be made when appropriate.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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