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Universal Biosensors, Inc. (ASX:UBI)

ALERT: Price-sensitive ASX Announcement for UBI
Current share price for UBI : $0.014 0 (0%)+
Announcement
Release
20 Aug 2025 2:35PM
Price at Release
$0.014
Full Release
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Summary
On December 18, 2013, Universal Biosensors, Inc. announced the appointment of KPMG as Voluntary Administrators of its Australian subsidiary, Universal Biosensors Pty Ltd, following the company's inability to secure additional funding to continue operations. The Board of Universal Biosensors, Inc. made this decision after considering the company’s financial challenges and unsuccessful attempts to raise capital. As a result of the appointment, trading in the company’s shares on the ASX was suspended. The Voluntary Administrators will now assess the financial position of the subsidiary and manage the affairs, business, and property of the company, while Universal Biosensors, Inc. continues to work with stakeholders during this process.
Key Points
  • KPMG was appointed as Voluntary Administrators of Universal Biosensors Pty Ltd.
  • Universal Biosensors, Inc. was unable to secure additional funding.
  • The Board decided on voluntary administration due to financial difficulties.
  • Trading in Universal Biosensors, Inc. shares on the ASX was suspended.
  • The Voluntary Administrators will take control of the subsidiary's operations and assets.
  • Universal Biosensors, Inc. will work with stakeholders during the administration process.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.