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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gmo | LSE:GMO | London | Ordinary Share | GB00B19Z0S04 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0376U GMO Limited 30 March 2007 Press Release 30 March 2007 GMO Limited ("GMO" or the "Group") Option to acquire 80% equity interest in Wisdom Choice Investments Ltd ("WCI"). ("Proposed Call Option") GMO Limited (AiM:GMO), a leading provider of proprietary wireless value-added services ("WVAS") currently focused on China, announces that it not be exercising the Proposed Call Option with Wisdom Choice Investment Limited ("WCI "). This announcement follows statements dated 15 November 2006, 29 September 2006, 9 February 2007 and 22 January 2007 in relation to the proposed acquisition of a 20% equity interest in WCI ("Proposed Acquisition"). -Ends- For further information: GMO Limited Eugene Goh, Chief Executive Officer Tel: + (0)7786 787 005 eugene@gmoglobal.com www.gmoglobal.com Corporate Synergy Plc John Wakefield / Mike Coe, Corporate Finance Tel: +44 (0) 117 933 0020 Jwakefield@corporatesynergy.co.uk www.corporatesynergy.co.uk Media enquiries: Abchurch Chris Lane/ Georgina Bonham Tel: +44 (0) 20 7398 7700 georgina.bonham@abchurch-group.com www.abchurch-group.com Notes to Editors GMO Limited is a leading provider of wireless value-added services in China. GMO's technology enables mobile phone users to receive and transmit text, images and other forms of digital data or voice content via their mobile handsets. Examples include interactive voting, gaming, mobile entertainment, information and transaction based services. GMO's proprietary technology platform, the SonTouche Platform ("STP"), facilitates the transfer of content received from mobile content providers into a format capable of being delivered to the customer's mobile handset. This data transfer occurs regardless of network type, operation standards or format of content and enables cross network services and applications. GMO is currently focussed solely on China, having identified China as the world's largest market for Wireless Vale Added Services (WVAS) to mobile phone users . Through a joint venture agreement with HX Beijing ("HXB"), GMO engages in the research and development, and provision, of WVAS in China. HXB has in place contractual commercial relationships with each of the four mobile operators in the majority of the 31 provinces in China. Since joining AIM in September 2006, GMO has expanded further into interactive media entertainment through the acquisition of an interest in 20 per cent of Wisdom Choice Investments Ltd. ("Wisdom Choice"). Wisdom Choice is the exclusive service and technology provider of ColorComm Software Technology Group ("ColorComm"), a market leader in WVAS and an interactive media company in China. GMO, headquartered in Beijing, was formed in November 2005 by three companies that are currently listed on MESDAQ, the securities market operated by Bursa Malaysia: Green Packet Berhad, mTouche Technology Berhad and OSK International Ventures Berhad, a leading venture capitalist. GMO Limited listed on the AIM market of the London Stock Exchange on 6 September 2006 under the symbol GMO.L. For further information on GMO Limited, please go to www.gmoglobal.com This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXDNADNXEFE
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