ASX Announces Long-Term Suspended Entities
Key points
- Multiple entities suspended for over three months
- Specific deadlines for lodging reports and resuming trading
- Potential removal from ASX if deadlines are not met
Full summary
ASX has announced that the securities of several entities have been suspended for more than three months. The announcement lists these entities along with the periodic reports they have failed to lodge, the deadlines for lodging these reports, and the deadlines for executing plans to resume trading. If these deadlines are not met, the entities will be removed from the ASX official list. ASX recommends that these entities implement a system of periodic disclosures to keep the market updated on their status and plans.
Outlook
ASX emphasizes that reinstatement is not automatic and requires compliance with Listing Rules.
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