RCG Holdings
RCG is a Hong Kong-based international developer, manufacturer and provider of biometrics and radio frequency identification technologies (RFID) products and services, with a primary focus on the Asia Pacific markets.
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RCG sees 26.5 rise on AIM after its Hong Kong listing
RCG Holdings last week noted the 26.5 percent increase in its share price to 78.5p on February 11, saying it is not aware of any reason other than the listing of its shares on the Hong Kong Stock Exchange on February 10. Directors said they were "mystified" by the rise.
Having closed at HK$9.79 on its first day of trading in Hong Kong (February 10) the stock price closed at HK$15.98 on February 13. On AIM, RCG closed at 75 pence on February 13.
The company had issued a bullish trading update on the 9th and said it had been given approval in principle for a listing in Hong Kong. Figures showed turnover rose to £109 million in the 8 months to August 31 2008 from 61.7 million in the same period of 2007. It also estimated pretax profits for the year to end-December of £45.3 million.
RCG is a Hong Kong-based international developer, manufacturer and provider of biometrics and radio frequency identification technologies (RFID) products and services, with a primary focus on the Asia Pacific markets.
