ASX Announces Long Term Suspended Entities
Key points
- Multiple entities suspended for over three months
- Specific reports and deadlines listed for each entity
- Failure to meet deadlines may lead to removal from ASX
Full summary
ASX has issued a market announcement detailing the suspension of several entities for over three months. The announcement lists each entity's name, ASX code, outstanding periodic reports, 1-year deadline for lodging the oldest outstanding periodic report, and 2-year deadline to execute plans for trading resumption. Failure to meet these deadlines may lead to removal from the ASX official list. ASX recommends that suspended entities implement a system of periodic disclosures to keep the market and security holders updated. Reinstatement is not automatic and requires ASX's satisfaction with the entity's compliance with Listing Rules.
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