Listed companies continuing to drop off ASX

7 July 2009 | by Benjamin Levy

Print this article Comments Bookmark and Share

The number of company de-listings on the Australian Securities Exchange (ASX) has continued to rise, with 20 companies delisting in the last financial quarter this year, according to the ASX Markets Supervision report. Only three new companies were listed in the last quarter, the lowest number in over a year.

Takeovers, mergers and share redemptions were responsible for the number of delistings on the market.

There were 14 open enquiries about insider trading at the end of June, with 12 referred to the Australia Securities and Investments Commission. The referrals could partly be due to the increase in delistings and takeovers during the month, according to the report.

The ASX had five open enquiries relating to market manipulation, one enquiry in relation to trade reporting and one in relation to disorderly markets.

There were 12 matters received by the disciplinary and appeal tribunal during the fourth quarter, a jump of five from the previous quarter, with 18 disciplinary matters ongoing.


Tags: asic | ASX | Australian Securities and Investment Commission

Just in:


Add a new comment

Enter the code shown:

1MMFPAAFAmerger Do you support a merger of the Financial Planning Association and the Association of Financial Advisers?
 
52%
 
3%
 
45%

News Roundup

Sponsored links

The Blue Book Directory

Recent comments

Recent tweets