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Steamships Trading Co. Ltd. Addresses ASX Compliance Issue

Story Highlights
  • Steamships Trading Company Limited operates in Papua New Guinea, focusing on trading services.
  • The company plans to enhance internal processes to prevent future ASX compliance issues.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Steamships Trading Co. Ltd. Addresses ASX Compliance Issue

Confident Investing Starts Here:

Steamships Trading Co. Ltd. ( (AU:SST) ) has issued an announcement.

Steamships Trading Company Limited has addressed a compliance issue with the ASX Listing Rule 15.1, which arose due to an administrative oversight in preparing materials for its 2025 Annual General Meeting. The company failed to provide necessary disclosures regarding an increase in the director fee pool. In response, Steamships plans to implement additional internal approval processes to prevent future non-compliance and will issue supplementary disclosures to shareholders to rectify the oversight.

More about Steamships Trading Co. Ltd.

Steamships Trading Company Limited operates within the trading industry, focusing on providing services and products in Papua New Guinea. The company is listed on the Australian Securities Exchange (ASX) and the Papua New Guinea Exchange (PNGX), indicating a market focus on both local and international stakeholders.

Average Trading Volume: 35

Technical Sentiment Signal: Buy

Current Market Cap: A$418.6M

See more data about SST stock on TipRanks’ Stock Analysis page.

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