How does the Australian Securities and InvestmentsCommission (ASIC) and ASX regulate announcements by listed companies? A very interesting situation has beendiscovered.
On February 5, 2024, JATCORP LTD (JAT) issued an announcement stating:
“The FirstIntermediate People's Court of Chongqing in China has issued an importantjudgement clarifying Sunnya's Neurio products are legitimate and genuineproducts, and the distributor is lawfully to import the products for sales inChina.”
JAT’s CEO further stated:“We expect theoutcome and reasoning in this case will have ramifications and could influencehow the other cases will be resolved by other courts in China.”
However, the fact is that on January 24, 2025, theChongqing High People's Court in China overturned the judgment of the ChongqingIntermediate People's Court (2024 Yu Min Zhong No. 148), revoked the civiljudgment (2023 Yu 01 Min Chu No. 238) issued by the Intermediate People'sCourt, and ruled that the Neurio trademark in Chinais lawfully owned by Guangzhou Aotea Company.
Jatcorp’sChinese import agent was ordered to immediately cease the infringement of the Neurio trademark owned byGuangzhou Aotea Company, destroy all Neurio products manufacturedby JAT and exported to China, and compensate Guangzhou Aotea for economiclosses totalling RMB 300,000.
Should shareholders need to know this information through the ASX announcement?
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
-0.050(13.5%) |
Mkt cap ! $26.64M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 31.5¢ | $17.18K | 53.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26477 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 481 | 1 |
View Market Depth
| Last trade - 14.00pm 25/07/2025 (20 minute delay) ? |
| JAT (ASX) Chart |