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They had to suspend it if they wanted it locked up until the end...

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Neo

2,195 Posts.

27/05/15

22:44

Post #: 15364234
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Originally posted by flyover ↑

Why a suspension and not a continuation of a trading halt.

ASX may suspend +quotation of an entity’s +securities, even if the +securities are subject to a +trading halt. However, if the entity requested the +trading halt (without ASX’s intervention) to prevent trading in its +securities taking place in an uninformed market, ASX will not suspend +quotation of the +securities before the expiry of the +trading halt.

Example: ASX intervenes by querying a price or volume movement that results in the request for the trading halt.

It is necessary to suspend +quotation to prevent a disorderly or uninformed market.

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They had to suspend it if they wanted it locked up until the end of the week.
ACL Price at posting: 8.3¢ Sentiment: None Disclosure: Held
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