Not without firm evidence of wrong doing. ASIC is the watchdog,...

Not without firm evidence of wrong doing. ASIC is the watchdog, it's their job to investigate. Unless ASIC advise to suspend a company / of any wrong doing it is not the ASX's place to suspend. If ASIC did advice ASX there was firm evidence of wrong doing, ASX would not suspend a company indefinitely without informing the market what is going on, ASX have cocked this up to suit their own agenda.