TTG-Europe suspends shares over accounting irregularities
Telecoms company, TTG-Europe, has asked for its shares on AIM to be suspended because of accounting irregularities
TTG-Europe, the AIM-listed telecommunications company, has asked for its shares to be suspended with immediate effect because of accounting irregularities.
The company made the move after receiving a premliminary report from investigating accountants confirming that there were ‘significant accounting irregularities’ within the Cellular Holdings Group.
TTG-Europe acquired Cellular Holdings Group in 2003. The irregularities are said to date back to the acquisition, and TTG-Europe has given notice of material claims under the acquisition agreement.
Further details are to be made in due course.