Genesis Research halted from trading pending statement

Genesis Research and Development, which in July abandoned plans to merge with an unlisted Australian company, had its shares halted from trading pending an announcement.

The company suspended operations in May 2010 and laid off its entire staff.

In July this year it placed 9.1 million shares, which it said gave it enough funds to remain listed while it considers further investments.

The shares last traded at 1.8 cents, valuing the company at $980,000, and have declined 40% in the past year.

In July, Genesis called off a proposed merger with Australia-based Mariposa Health, an unlisted public pharmaceutical development company.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7282 -0.0004 -0.05%
AUD 0.9352 0.0005 0.05%
EUR 0.6427 0.0001 0.02%
GBP 0.4830 -0.0002 -0.04%
HKD 5.6433 -0.0046 -0.08%
JPY 85.9110 -0.3200 -0.37%

Commods

Commodity Price Change Time
Gold Index 1257.0 -28.890 2015-01-29T00:
Oil Brent 50.1 0.560 2015-01-29T00:
Oil Nymex 44.5 0.000 2015-01-29T00:
Silver Index 16.8 -1.310 2015-01-29T00:

Indices

Symbol Open High Last %
NZX 50 5759.8 5766.7 5759.8 -0.27%
NASDAQ 4635.7 4688.4 4638.0 0.98%
DAX 10666.4 10743.6 10711.0 0.25%
DJI 17195.3 17433.1 17191.4 1.31%
FTSE 6825.9 6825.9 6825.9 -0.22%
HKSE 24771.4 24771.4 24595.8 -0.14%
NI225 17788.7 17808.5 17606.2 0.81%