Autosports Group Secures Audit Relief for Subsidiaries

Autosports Group Ltd ( (AU:ASG) ) has issued an update.

Autosports Group Limited, a company listed on the ASX, has received relief from the Australian Securities and Investment Commission (ASIC) for two of its non-wholly owned subsidiaries from the requirement to have their financial reports audited annually. This relief is contingent upon these subsidiaries being part of the Autosports Group Deed of Cross Guarantee and does not impact the financial reporting or audit obligations of the parent company. The announcement signifies a strategic move to streamline financial operations for these subsidiaries, potentially reducing administrative burdens and costs, while maintaining compliance with regulatory frameworks.

The most recent analyst rating on (AU:ASG) stock is a Hold with a A$2.30 price target. To see the full list of analyst forecasts on Autosports Group Ltd stock, see the AU:ASG Stock Forecast page.

More about Autosports Group Ltd

Average Trading Volume: 260,438

Technical Sentiment Signal: Buy

Current Market Cap: A$524.3M

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