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ASX Tightens Deadlines for Long-Term Suspended Companies

Story Highlights
  • ASX released an updated list of long-term suspended entities and their overdue reports.
  • The exchange imposed strict one- and two-year deadlines before delisting non-compliant companies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ASX Tightens Deadlines for Long-Term Suspended Companies

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The latest update is out from Nexion Group Ltd. ( (AU:NNG) ).

The Australian Securities Exchange has published an updated list of entities whose securities have been suspended from trading for more than three months, outlining for each company the outstanding periodic financial and activity reports and the deadlines by which they must be lodged. The notice also sets out strict one- and two-year timelines for these companies to rectify their reporting failures and execute plans to resume normal trading, warning that those that do not comply will be removed from the official list, underscoring the ASX’s focus on disclosure standards and signalling heightened risk and uncertainty for shareholders in the affected entities.

The most recent analyst rating on (AU:NNG) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Nexion Group Ltd. stock, see the AU:NNG Stock Forecast page.

More about Nexion Group Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: A$4.05M

For a thorough assessment of NNG stock, go to TipRanks’ Stock Analysis page.

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