Does anyone know what's happening to Trading Exchange (TES) shares. They were suspended in December last year, there was rumours of a takeover!

After asking several people, no one seems to know what's going on!

The value of these shares in my portfolio with T D Waterhouse show a 0 value, are they worthless now?

Brian Barwick

?

No not at all b barwick... there will probably bea reverse takeover.

It is a shame they haven't been on the market as companies like gaming corporation have done well of late.

I used to hold when it was Trading sports bought at 22-25p then sold at 50 odd on the day of the big rise.

I think things are happening for the better not worse. Don't think you will lose out because of this.

I would expect them to come to the market a lot higher than when they were.

How many do you hold and what price did you pay would you mind me asking??

I currently hold them They are being touted as the carphone wharehouse of china.
Here's a recent articles.

RNS Number:4144Q

AIM

23 August 2005



ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: EBT Mobile China plc

COMPANY ADDRESS: 5th Floor, No.1425, Zhen Bei Road, Shanghai 200333 China

COMPANY POSTCODE: -

COUNTRY OF INCORPORATION: Hong Kong

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: EBT Mobile China plc is a Chinese based retailer of mobile telephone products and services, including mobile phones, SIM cards, cell phone accessories, and cell phone related value added services. EBT Mobile's originated in 1996 in Shanghai and since that time has expanded, as of 1 July 2005, into additional cities near Shanghai (Suzhou, Kunshan, Hangzhou, Jiangyin, Wuxi, Zhangjiagang, Xuzhou and Changshu)

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): 155,780,827 Ordinary Shares of 0.1p each at a Placing Price of 17p each

CAPITAL TO BE RAISED ON ADMISSION: Placing of approximately #4 million

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: James Reiman - Chief Executive Officer Zhang Ge - President and Chief Operating Officer Martyn Konig - Non-Executive Director Roger Mitchell - Non-Executive Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION: Before:


Gartmore Investment Management 4,762,664 13.67%
Artemis Investment Management 3,530,000 10.14%
Charles Stanley & Co 3,065,000 8.80%
Alker International Investment Limited 2,763,281 7.93%
Eleonara International Investment Limited 2,350,000 6.75%
Harsant Services Limited 2,000,000 5.74%
Graymarsh Investments Limited 1,225,000 3.52%
Mr Joe Tighe 1,410,600 4.05%


After:


Gartmore Investment Management 4,762,664 3.06%
Artemis Investment Management 3,530,000 2.27%
Charles Stanley & Co 3,065,000 1.97%
Alker International Investment Limited 2,763,281 1.77%
Eleonara International Investment Limited 2,350,000 1.51%
Harsant Services Limited 2,000,000 1.28%
Graymarsh Investments Limited 1,225,000 0.79%
Mr Joe Tighe 1,410,600 0.91%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A


ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December

EXPECTED ADMISSION DATE: 8 September 2005

NAME AND ADDRESS OF NOMINATED ADVISER: Evolution Securities Limited, 100 Wood Street, London EC2V 7AN

NAME AND ADDRESS OF BROKER: Evolution Securities Limited, 100 Wood Street, London EC2V 7AN

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: The Admission Document, containing full details about the applicant and the admission of its securities, will be available upon publication from Evolution Securities Limited, 100 Wood Street, London EC2V 7AN

DATE OF NOTIFICATION: 23 August 2005

NEW/ UPDATE (see note): Update

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:

CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:


AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE

LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:


A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO

IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:


A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A


FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE

APPLICABLE. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:

Note: THIS FIELD SHOULD INDICATE THAT THE ANNOUNCEMENT IS 'NEW' AND ALL RELEVANT FIELDS SHOULD BE COMPLETED. OTHERWISE WHERE THE FORM IS REQUIRED TO BE COMPLETED IN RESPECT OF AN 'UPDATE' ANNOUNCEMENT, THIS SHOULD BE INDICATED. IN SUCH CASES,

ALL THE ORIGINAL INFORMATION SHOULD BE INCLUDED WITH ANY AMENDED FIELDS

EMBOLDENED.


This information is provided by RNS
The company news service from the London Stock Exchange



END



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