Mate if you think the suspension of the trading in shares of a listed investment company is a good idea, then that shows how bad the situation here actually is.
I mean the ASX rules say that listed investment companies ought not try to exercise control over or manage any company it invests in, yet it looks like HML may have breached this requirement, given the extent of related party dealings here. I'm sure the company would have some clever answer if they were ever asked whether they have broken this requirement, but they always have clever answers when asked if they've broken rules...
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Ann: Update on BDO's IER, page-53
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