15th May 2015 07:43
LONDON (Alliance News) - Parallel Media Group PLC Friday said the Causeway Trophy, an annual golf event played between professional golfers from Singapore and Malaysia, has been postponed until 2016.
The AIM-listed sports, entertainment and media agency said the event, which Parallel will promote, has been postponed with the aim of having it become a "special event" during the week of the Championship golf tournament.
The Championship golf tournament was itself postponed until spring 2016 just over one month ago.
Parallel Media Group said its result for 2014, which it expects to publish on or before June 30, will include an update on its strategy, "incorporating its developing music business".
Parallel Media Group shares were untraded on Friday. The stock last traded at 19.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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