Long Term Suspended Entities
| Stock | Nexion Group Ltd (NNG.ASX) |
|---|---|
| Release Time | 17 Apr 2026, 2:52 p.m. |
| Price Sensitive | Yes |
ASX Announces Long Term Suspended Entities
- List of entities suspended for more than 3 months
- Deadlines for lodging outstanding periodic reports
- Deadlines for entities to execute plans for trading to resume
- Entities may be removed from official list if deadlines not met
ASX has announced a list of entities that have been suspended from trading for more than 3 months. The announcement provides details on the outstanding periodic reports that each entity has failed to lodge, as well as the deadlines for lodging these reports (1 year deadline) and the deadlines for the entities to execute their plans for trading in their securities to resume, to ASX's satisfaction (2 year deadline). If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list, with the removal usually taking effect from the open of trading on the first trading day after the deadline date. ASX recommends that long-term suspended entities implement a system of periodic (at least quarterly) disclosures to keep the market and security holders updated on their status and plans for resuming trading. ASX's removal policy for long-term suspended entities is explained in Listing Rules Guidance Note 33, and in limited circumstances, ASX may grant a short extension to the deadline date. ASX reminds long-term suspended entities that reinstatement of their securities to quotation is not granted automatically on application, even if the suspension was imposed at the entity's request, as ASX must be satisfied that the reasons for the ongoing suspension have been addressed and that the entity complies with the Listing Rules at the point of reinstatement.