The ASX will now have to make the decision that the de-listing is by "special resolution" instead of "ordinary resolution" if not then they are going against the quite clear ASIC rules regarding "special" and "ordinary" resolutions.
Ordinary resolutions
- election/re-election of directors
- appointment of an auditor
- acceptance of reports at the general meeting
- strategic or commercial decisions
- increasing or reducing number of directors
- passing a board limit resolution (for public companies).
Special resolutions
Special resolutions are needed for certain changes as defined in the Corporations Act. Decisions like changing a company's name, winding up the company, or changing the company's type will require a special resolution.
https://asic.gov.au/for-business/changes-to-your-company/passing-a-company-resolution/
The ASX will now have to make the decision that the de-listing...
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Last
92.5¢ |
Change
0.035(3.93%) |
Mkt cap ! $184.8M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 92.5¢ | 89.0¢ | $41.58K | 46.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3181 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
92.0¢ |
Change
0.035 ( 2.79 %) |
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| Open | High | Low | Volume | ||
| 89.5¢ | 92.0¢ | 89.0¢ | 2959 | ||
| Last updated 15.58pm 06/06/2024 ? | |||||
| RHK (ASX) Chart |