It depends who wants the delisting. If it is ASIC (the authorities) they can do it.
If it’s the company’s Board, they need to have good reason.
- Pending the release of market sensitive information. - Pending completion of a deal that may leak while being finalized - Pending a restructure plan.
And so on. All those are temporary ones. If the Directors reckon the company may be technically insolvent, then a semi-permanent.suspension from quotation is poissible
I’m pretty sure that without a very strong reason however, it would take a minimum 75% shareholder vote at and EGM/AGM to effect a voluntary delisting.
S
CVI Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
