Posted on 18 Feb 2020
The firm's shares have been suspended since 8th December. That's an awfully long time as general exchange guidance would be to have continuous trading with suspensions only when there is market moving news. There was mention of an MAS audit which is a bit scary given news on Pareto recently. Does anyone know of any news/updates ?
I did a search and this is what i found: https://e27.co/in-brief-coassets-delists-from-asx-due-to-low-shareholder-numbers-20200622/
I hope that this will be a start of a successful turnaround so that they will be able to survive through covid and pay investors soon.
12 more comments
18 Oct 2020
Hi Derrick To recap, from the email exchanges we had, you repeatedly refused to accept the buyer’s S$50k offer and wanted a higher price. You also asked for a lump sum payment, which was just not workable from the buyer’s perspective - the buyer was not agreeable and declined the offer. By the time you raised these points (as mentioned in your latest post) the buyer has already decided not to proceed with the deal. Unfortunately, there is also no other prospective buyer currently available. Notwithstanding, I note your comments. I understand that it is not an easy time for you and will continue to keep a look out for any investors who may be keen to buy your shares. In the meantime, please take care and stay safe. Getty
The company was delisted a month ago from the ASX. Coassets told me they were suspended bc MAS was a...
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