Penny got this back from PPB last week and is their response to the announcement
'The SGX listed shell is an asset of Linc Energy Ltd (In liquidation) which the liquidators have sought to preserve for the benefit of creditors. The application made for a waiver of reporting requirements and a delay in providing the resumption proposal align with our strategy to preserve the listing with minimal ongoing cost requirements whilst the Queensland Government progresses criminal proceedings against the Company and its former officers.'
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Held