MedAdvisor Ltd Reinstated to Official Quotation
Key points
- Trading suspension lifted following announcement of court application outcome
- Announcement made under section 1322 of Corporations Act 2001
- Shares to resume trading immediately
Full summary
MedAdvisor Ltd (ASX: MDR) has been reinstated to official quotation on the Australian Securities Exchange (ASX) following the release of an announcement regarding the outcome of a court application under section 1322 of the Corporations Act 2001 (Cth). The suspension of trading in MedAdvisor's securities will be lifted immediately after the company's announcement. Section 1322 of the Corporations Act provides a mechanism for the court to make orders to rectify any procedural irregularities or technical non-compliance with the Act. The details of MedAdvisor's court application and its outcome have not been disclosed in the ASX announcement. However, the reinstatement to official quotation indicates that the issue has been resolved, allowing the company's shares to resume trading on the ASX.
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