ASX Announces Long Term Suspended Entities
Key points
- Multiple entities suspended for over three months
- Specific deadlines for report lodging and resumption of trading
- Failure to meet deadlines may lead to removal from ASX
Full summary
ASX has announced that several entities have been suspended for more than three months. The announcement lists entities that have failed to lodge periodic reports as required by Listing Rule 17.5. Each entity is provided with a 1-year deadline to lodge the oldest outstanding periodic report and a 2-year deadline to execute plans for trading to resume. Failure to meet these deadlines may result in the entity being removed from the official list, effective from the open of trading on the first trading day after the deadline date. ASX emphasizes that reinstatement is not automatic and requires satisfaction of compliance with Listing Rules.
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