ASX Announces Suspension of Several Entities
Key points
- Several entities have securities suspended for over three months
- Entities must meet specific deadlines to avoid removal from ASX
- ASX provides guidance on periodic disclosures for suspended entities
Full summary
ASX has announced that the securities of multiple entities have been suspended for more than three months. The announcement provides details on the entities, the periodic reports they have failed to lodge, the deadlines for lodging these reports, and the two-year deadlines for executing plans to resume trading. If the entities do not meet these deadlines, they will be removed from the official list. ASX recommends that suspended entities implement a system of periodic disclosures to keep the market updated.
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