It's seems like a reasonable requirement for company's seeking admission to the ASX for the first time, but a rather interesting requirement to impose on an existing company whose market capitalisation may be quite significant at the point of the change of business (I note in 11.1.3 it appears the ASX has some discretion on whether to enforce the requirement).
There must be quite a few precedents for what happens here given the number of mining companies who turned dotcoms then biotechs and back to mining companies again.
I would have thought a share consolidation would've been the easier route to take to satisfy such a criteria if the ASX deemed it necessary.
Thanks again, SBC
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