RCG Holdings Limited Shareholder Action (6791U)
04 Dezember 2013 - 11:35AM
UK Regulatory
TIDMRCG
RNS Number : 6791U
RCG Holdings Limited
04 December 2013
4 December 2013
RCG Holdings Limited
("RCG" or the "Company" and together with its subsidiaries, the
"Group")
APPLICATION BY WAY OF ORIGINATING SUMMONS
By way of an originating summons dated 28 November 2013 issued
in the High Court of Hong Kong, Veron International Limited
("Veron"), the Company's 7.86 per cent. shareholder, is applying
for leave to bring an action by writ in the names of RCG Holdings
Limited and RCG China Holdings Limited (together the "Companies")
against the persons who were directors of the Companies at the time
investments were made in Vast Base Technology Limited ("Vast Base")
and Strong Aim Limited during the period from December 2007 to
April 2010.
At a hearing on 2 December 2013, the court granted Veron leave
to issue a writ in the names of the Companies against such
directors who were directors of the Companies at the time of the
first acquisition of shares in Vast Base, on the strict condition
that Veron gave an undertaking to the court not to serve the writ
without the leave of the court. None of the Company's current
directors are involved or named in this action. The Company is
taking legal advice on this matter and will make further
announcements as and when appropriate.
Enquiries:
RCG Holdings Limited Tel: +852 2637 2800
Wang Zhongling, Chief Executive Officer
ir@rcg.tv
Smith & Williamson Corporate Finance Limited Tel: +44 (0) 20 7131 4000
(Nominated adviser and broker)
Dr. Azhic Basirov / David Jones
This information is provided by RNS
The company news service from the London Stock Exchange
END
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