LONDON (Thomson Financial) - Real Affinity Plc. said trading in its shares
has been suspended on AIM pending clarification of its financial position after
its wholly-owned subsidiary Conferaccom Ltd was placed into administration.
Marketing services company Real Affinity said it needs to review its
financial position owing to the materiality of the indebtedness it owes to
Conferaccom, which it had agreed to sell back to Checkbase for the symbolic sum
of 1 pound.
Real Affinity said last week it had been unable to make certain payments to
the Conferaccom buyers as the proposed sale of another of the company's
divisions, the proceeds of which were to be used to make the payments, had not
progressed in accordance with the board's expectations.
tf.TFN-Europe_newsdesk@thomson.com
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