KZL 0.00% 12.0¢ kagara ltd

KZL is suspended bcz they failed to submit Financials with ASIC....

  1. 17 Posts.
    KZL is suspended bcz they failed to submit Financials with ASIC. The main reason being they cant finalise their financials due to sale of Lizard Lounge. Their is a section in financials Post balance sheet Events where you need to report these type of transaction which would have a material effect on the company. Unless they don't disclose this information auditors wont sign the FS and so they cant submit their FS with ASIC. I hope this make sense to all......this is purely my understanding.

 
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Currently unlisted public company.

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