TNG asset spin-off, page-3

You can track the exposure period here -

http://www.search.asic.gov.au/cgi-bin/offerlist/offerlist?doc_no=501505378&time=201702101513

Having your 7 day exposure period extended into a second week  means ASIC aren't happy with something.

2 things as a retail shareholder i don't like are:

1. I'm concerned about governance with lack of executive management and the related party nature of the structure. Ie) TNG hold a significant holding > 10% and the board of TRT are the one's voting the significant 10% stake.
2.   The fact that there is still no final class ruling from the ATO of de-merger relief.