"I have to wonder, have the Singaporean aspect of this company forgotten that they have shareholders in AU and are accountable to the ASX?"
Yes of course. That's why they have coordinated for the shares to be suspended on both exchanges at the same time.
/sarcasm
What happens next is the shares stay suspended. If there isn't an announcement by market open tomorrow morning, the ASX will send them a "please explain" letter, asking for a new expected date for the announcement. The suspension will remain in place regardless as the announcement still has to be made.
Most likely we will have an update, either the announcement or another extension, before market open tomorrow. If not, I will have to agree that there's been a slip in the standard of market disclosures, as not having an announcement by tomorrow morning would create a great deal of uncertainty.
Cheers
Ann: Voluntary Suspension, page-382
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
