APG 0.00% 0.2¢ austpac resources nl

2021 asx query

  1. LJD
    440 Posts.
    lightbulb Created with Sketch. 69
    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.
 
watchlist Created with Sketch. Add APG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.