We refer to your report of misconduct you lodged with us on 6 April 2020 regarding Stanmore Coal and our subsequent correspondence to you of 30 July 2020.
We have completed our assessment of the concerns you first raised with us on 6 April 2020 regarding the allegation that shareholders of Stanmore Coal were not given sufficient time to consider the Takeover Bid, and Mr Jimmy Sen Ming Lim may be conflicted as he is a director of both Stanmore Coal and Golden Investments.
Based on the information currently available to us, ASIC is of the view that there is insufficient evidence to conclusively suggest alleged breaches of the Corporations Act 2001 at this time. In the circumstances, we do not propose to take any further action regarding these matters.
Please note that ASIC's decision does not youprevent you from pursuing any civil remedies otherwise available to you. Your legal adviser can provide you with more information about what other options may be open to you to pursue these matters privately.
We appreciate you taking the time to bring this matter to our attention and have recorded your information in our confidential database.
Your sincerely, Name Redacted
Analyst, Misconduct & Breach Reporting Australian Securities and Investments Commission 120 Collins Street, Melbourne, 3000
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