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Koon Holdings to be removed from ASX will apply to SGX to be delisted
Investment holding company Koon Holdings announced on Wednesday that it has received notification from the Australian Securities Exchange (ASX) that the company would be removed from the official list of the ASX, with effect from the commencement of trading on Monday, Sept 6, 2021.
With the company no longer listed on its home exchange ASX, the secondary listing status of the company on the Singapore Exchange (SGX) would no longer be valid. The company has written to SGX to apply to be delisted.
ASX had earlier rejected the company' s request to extend the long term suspend entity removal deadline for the company for three months until Nov 30, 2021. Following that, Koon Holdings had submitted a request on Aug 31, 2021 for ASX to reconsider its decision.
This comes as ASX' s policy is to remove from the official list entities that fail to lodge any of the required documents for a continuous period of one year after the deadline for lodgement, and entities whose securities have been suspended from quotation for a continuous period of two years.
ASX noted in the letter containing its decision that the company had been continually suspended for a continuous period exceeding two years on Aug 30, 2021. Additionally, the company had not yet lodged accounts for the half year ended June 30, 2020 and the expiration of the one-year deadline for lodgement of the accounts for the half year ended June 30, 2020 had occurred on Aug 31, 2021.
The company said that it will provide an update on its delisting date in due course.
Shares of Koon Holdings have been suspended since Aug 30, 2019.
wah so sleepy meh? koon liao dont need to wake up.......haha
Sgvale ( Date: 02-Sep-2019 18:17) Posted:
| Really Koon liao this time . Don't need to wake up. Suspended. Due to Co going concern |
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After Libra. Which penny will be next?
Sgvale ( Date: 02-Sep-2019 18:17) Posted:
| Really Koon liao this time . Don't need to wake up. Suspended. Due to Co going concern |
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Really Koon liao this time . Don't need to wake up. Suspended. Due to Co going concern
Could possibly be like what happened to Ryobi Kiso when they cannot mean loan obligations (but Ryobi still announced a trading Halt followed by Suspension). However, there are 02 independent directors just came on board. Won' t make sense if those 02 did not do their due diligence if they just joined a sinking ship.
noobnub ( Date: 29-Aug-2019 20:09) Posted:
i only base my guess on what was announced............................The securities of Koon Holdings Limited (&lsquo KNH&rsquo ) will be suspended from quotation immediately under Listing Rule 17.2, at the request of KNH, pending the release of an announcement regarding the financial condition of KNH.
dollarsense ( Date: 29-Aug-2019 17:06) Posted:
| RTO can suspend straight? |
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i only base my guess on what was announced............................The securities of Koon Holdings Limited (&lsquo KNH&rsquo ) will be suspended from quotation immediately under Listing Rule 17.2, at the request of KNH, pending the release of an announcement regarding the financial condition of KNH.
dollarsense ( Date: 29-Aug-2019 17:06) Posted:
RTO can suspend straight?
hfjdhy ( Date: 29-Aug-2019 17:02) Posted:
Prior to that there are a few board of director restructuring.
Could be an RTO incoming and the rise in price is to determine the deal price for the RT |
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RTO can suspend straight?
hfjdhy ( Date: 29-Aug-2019 17:02) Posted:
Prior to that there are a few board of director restructuring.
Could be an RTO incoming and the rise in price is to determine the deal price for the RTO
noobnub ( Date: 29-Aug-2019 14:38) Posted:
| maybe going to announce company not healty? then dont nedd to H then S. just straight SUSP |
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Prior to that there are a few board of director restructuring.
Could be an RTO incoming and the rise in price is to determine the deal price for the RTO
noobnub ( Date: 29-Aug-2019 14:38) Posted:
| maybe going to announce company not healty? then dont nedd to H then S. just straight SUSP |
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maybe going to announce company not healty? then dont nedd to H then S. just straight SUSP
Koon forever.....?
How come pending release of announcement need to suspend ?
koon really going to KOON for long time
Koon Ki Liao.
Lol
What a Comatose Clown Stock.
Sudden rise of 18.75% on a vol of 380 900 shares worth only abt $10k - $14k. If that' s not manipulation, there' s no other name for it.......
Maybe it' s at risk of being kicked out by SGX for it' s extended period of inactivity, so someone is trying to stir trading volume to stay listed......
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This thread no forumer interested so let it koon again don't wake him up!! it has been many years no posting here already!!...
ysh2006 ( Date: 27-Jul-2019 08:12) Posted:
Who wake him up?....good div high fee and no Sgx disturb who wake him up ? Koon for so many years already...
shadow11 ( Date: 23-Jul-2019 19:49) Posted:
| Anyone on this?
Koon. Haha Wat a name.
Volume slowly in... |
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Who wake him up?....good div high fee and no Sgx disturb who wake him up ? Koon for so many years already...
shadow11 ( Date: 23-Jul-2019 19:49) Posted:
| Anyone on this?
Koon. Haha Wat a name.
Volume slowly in... |
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Now Koon Ki liao .. last time is koon-ing state.
shadow11 ( Date: 23-Jul-2019 19:49) Posted:
| Anyone on this?
Koon. Haha Wat a name.
Volume slowly in... |
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Koon. Wake up Liao.
