ASX eyes de-listing changes

Market operator floats 3-year cut-off for suspended companies.

ASX (ASX) will automatically de-list companies whose shares have been suspended for at least three years under proposed new rules.

Currently more than 100 companies with suspended securities are listed on the Australian stock market.

70% of those have been suspended for a year or more, while a further "small number" have been on hold for up to a decade, the ASX said.


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