Esh, I think the ASX only get interested when you change your principal line of business, say from mining to technology and I doubt very much whether Directors have to put it before shareholders as a resolution either. In the eyes of ASX/ASIC it's like they're going from investing surplus funds from their principal business into Term Deposits or Property Development - it's all the same to them.
Ann: Corporate Update - Grange Strategic Developments, page-36
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