Relisting is rare but i found one.
https://www.*********.com.au/2023/01/16/virgin-australia-primed-for-asx-relisting/
Relisting after involuntary removal must be hard. After all this is what the ASX currently thinks of CGB:
The powerto terminate an entity's listing is not one that ASX exercises lightly, since it takes away from the entity's securityholders the ability to trade their securities on a licensed securitiesexchange. However, it is a power that ASX willexercise to protect the reputation and integrity of the ASX market and toprevent future investors from buyinginto a listed entity that in ASX's opinion should not be listed on the ASXmarket.
https://www.asx.com.au/documents/rules/gn33_removal_of_entities.pdf
Delisting will no doubt negatively impact any pending legitimate deals. If any pending deals survive this event then that would ring alarm bells.
By last report there was 8 mil cash in the kitty and delisting is likely to result in reduced disclosure and reporting requirements, reduced accountability, and scrutiny.
I really, really hope shareholders get their fair share of remaining assets but it won't be given freely.
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