ASX Announces Long Term Suspended Entities
Key points
- ASX lists entities suspended for over three months
- Deadlines set for overdue periodic reports
- Entities must meet deadlines to avoid removal from ASX
Full summary
The Australian Securities Exchange (ASX) has issued a market announcement listing entities that 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 fail to meet these deadlines, they will be removed from the ASX official list. ASX recommends that these entities provide quarterly updates on their status and plans for resuming trading.
Outlook
ASX may grant short extensions to deadlines in limited circumstances, but entities must still meet the requirements for reinstatement.
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