Just checked the ASX Listing Rules 17.1 and 17.2 and re-read the company's applications for both.
If everything is above board with both the company and the ASX then it seems that the announcement can only relate to ACL's profit share, which is the only thing referred to in both.
However, I was intrigued by the first sentence of the TH application.....".....further to our telephone conversation......"
PLUS the suspension application states ..........
"ACL is not aware of any further information necessary to inform the market about the suspension"
So, in my opinion, which is worth nothing, it is most likely to be that the profit share from Reddys is contentious.
Could the the profit share came with the offer of a takeover or something else out of left field? If so I feel sure that ACL would have to disclose that info............very interesting indeed!
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