I was of a similar view re the limited announcements to date, but this issue specifically is a bridge too far.
Suspension from quotation DOES NOT relieve an entity from its continuous disclosure obligations (see Listing Rule 18.6 and ASX Guidance Note 8).
Assuming this is an additional sale, the transaction docs for a $65 million stake would have dealt with timing of market disclosure. Unless GF went off-piste, management should have known this announcement was coming.
If the HKEX announcement does relate to a further and new sale of 5% as interpreted above, it really is unacceptable that LLL's SHers are first learning of this from translated announcements on a foreign exchange.
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