cachoeiras de binga: the epic, page-18

Pallanca,

It depends who wants the delisting. If it is ASIC (the authorities) they can do it.

If it’s the company’s Board, they need to have good reason.

- Pending the release of market sensitive information.
- Pending completion of a deal that may leak while being finalized
- Pending a restructure plan.

And so on. All those are temporary ones. If the Directors reckon the company may be technically insolvent, then a semi-permanent.suspension from quotation is poissible

I’m pretty sure that without a very strong reason however, it would take a minimum 75% shareholder vote at and EGM/AGM to effect a voluntary delisting.

S