RCG Holdings says trading in line - Yahoo! Finance

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Monday June 22, 08:12 AM
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RCG Holdings says trading in line

(Reuters) - Fingerprint and facial recognition software group RCG Holdings said on Monday trading in the current financial year remained healthy and in line with its expectations, sending its shares up more than 6 percent.

The Macau-based group also said it received an order, together with the payment of a 25 percent deposit, from Chinese technology consultant A-1 Development Inc for 3.5 million FxGuard Windows Logon licenses.

In April, RCG Holdings' bought a 15 percent stake in A-1 Development through its Malaysian unit Virtual Storage Centre Sdn Bhd for about 11.8 million pounds in stock.

RCG Holdings shares were up 6.25 percent at 72.25 pence at 0755 GMT (8:55 a.m. British time) on the London Stock Exchange.

(Reporting by Ramkumar in Bangalore; Editing by Aradhana Aravindan)

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