Kaiser Reef Ltd (AU:KAU) has released an update.
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Kaiser Reef Ltd has acknowledged administrative oversights, including not appointing an auditor and failing to lodge a cleansing prospectus, which they are addressing through legal channels. As a result, the company has paused trading until court orders are granted and a capital raising is completed. Investors are advised that the company is working to ensure compliance with the Corporations Act.
For further insights into AU:KAU stock, check out TipRanks’ Stock Analysis page.