Has anyone seen an explanation to the following query from the asx?
11 June 2021 - Queries Received from ASX ... e) the potential applicability of Listing Rule 10.1 to the technology transaction undertaken in September 2019; and ...
19 September 2019 - TECHNOLOGY PACKAGE SOLD FOR $1.5 MILLION
Austpac Resources is pleased to announce an agreement has been finalised with Lido Trading Limited (British Virgin Islands) for the sale of a synthetic rutile technology package that the Company developed in 2006, for 1.5 million Australian dollars.
and
24 September 2019 - SALE OF TECHNOLOGY PACKAGE
ASX Listing RuleChapter 10
Acquisition and disposal of assetsApproval required for certain acquisitions or disposals10.1 An entity (or, in the case of a trust, the + responsible entity of the trust) must ensure that neither the entity, nor any of its + child entities, + acquires or agrees to + acquire a substantial asset from, or + disposes of or + agrees to dispose of a substantial asset to, any of the following + persons without the approval of the holders of the entity’s + ordinary securities.
APG Price at posting:
0.2¢ Sentiment: None Disclosure: Held