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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Global Invacom Group Limited | LSE:GINV | London | Ordinary Share | SG2E91982768 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | 2.50 | 3.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGINV
RNS Number : 2056L
Global Invacom Group Limited
04 September 2019
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Dissolution of wholly-owned subsidiary
Singapore/London, 4 September 2019 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, wishes to announce that its wholly-owned subsidiary, Radiance Electronics (Shenzhen) Co Ltd incorporated in Shenzhen, People's Republic of China, is now dissolved (the "Dissolution").
The Dissolution does not have any material impact on the consolidated net tangible assets per share or earnings per share of the Group for the financial year ending 31 December 2019.
None of the Directors or controlling shareholders of the Company has any direct or indirect interest in the Dissolution.
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com Matthew Garner, Chief Financial Officer Tel: +65 6431 0782 Tel: +44 203 053 3523 finnCap Ltd (Nominated Adviser and Joint www.finncap.com Broker) Christopher Raggett / Matthew Radley (Corporate Tel: +44 207 220 0500 Finance) Mirabaud Securities LLP (Joint Broker) www.mirabaud.com Peter Krens (Equity Capital Markets) Tel: +44 207 878 3362 WeR1 Consultants Pte Ltd (Singapore Investor www.wer1.net Relations) Jordan Teo / Ryan del Agua Tel: +65 6737 4844 ginv@wer1.net Vigo Communications (UK Media & Investor www.vigocomms.com Relations) Jeremy Garcia / Fiona Henson / Charlie Tel: +44 207 390 0238 Neish ginv@vigocomms.com
About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, UK and the US. Its customers include satellite broadcasters such as BSkyB of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.
Global Invacom provides a full range of antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US--based designer and supplier of satellite antennas products and services, the Company became the world's only full--service outdoor unit supplier.
Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.
For more information, please refer to www.globalinvacom.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
September 04, 2019 05:45 ET (09:45 GMT)
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