Suspension from Quotation
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| Stock | Merchant House International Ltd (MHI.ASX) |
|---|---|
| Release Time | 5 Feb 2025, 5:56 p.m. |
| Price Sensitive | Yes |
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Merchant House International Ltd Suspended from ASX Pending Director Appointment
Key Points
- MHI requests voluntary suspension of trading in its shares
- Resignation of only Australian director, Mr. Ian Burton
- Suspension to last until 28 February 2025
- Suspension to be lifted upon appointment of new Australian director
Full Summary
Merchant House International Ltd (MHI) has requested a voluntary suspension of trading in its shares on the ASX, effective from the commencement of trading on 6 February 2025. This suspension request comes after the resignation of Mr. Ian Burton, who was the only Australian director of the company. MHI has not yet found a replacement for Mr. Burton, and the company anticipates the suspension to last until 28 February 2025. The suspension is intended to be lifted upon MHI advising the market of the appointment of a new Australian director. The board of MHI is not aware of any other reason why the suspension request should not be granted or any other information necessary to inform the market about the voluntary suspension.
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