Most companies are delisted either because they are acquired by another company, they merge with another company or they have solvency problems and go in to administration.
Shareholders should also note that entities do change their name and many have had multiple names. They are then of course listed under their new name and no longer under their previous name.
According to the Australian Stock Exchange Listing Rules, a company may be removed from the official list:
If it asks to be removed (ASX may impose conditions).
If in the opinion of ASX:
It breaks a listing rule or is unwilling or unable to comply with a rule
It has no quoted securities
It is appropriate for some other reason
Following the issue of compulsory acquisition notices and previous suspension of securities under Listing Rule 17.4 or Listing Rule 17.4A.
Its securities have been suspended from quotation for more than three years.
If it fails to pay listing fees.
REL Price at posting:
0.2¢ Sentiment: None Disclosure: Held
If it asks to be removed (ASX may impose conditions).
It breaks a listing rule or is unwilling or unable to comply with a rule
