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Emu NL ( (AU:EMU) ) has issued an update.
Emu NL, listed on the Australian Securities Exchange (ASX: EMU), recently faced scrutiny regarding a placement conducted shortly before its Annual General Meeting (AGM). The Takeovers Panel reviewed an application concerning this placement, which was announced two weeks prior and executed one week before the AGM, where board composition was to be discussed. Despite concerns about the timing of the placement, the Panel concluded it did not influence control and found no sufficient evidence of an association. Consequently, the Panel decided against declaring the circumstances as unacceptable, stating it was not against the public interest.
More about Emu NL
Average Trading Volume: 395,808
Technical Sentiment Signal: Sell
Current Market Cap: A$14.31M
Learn more about EMU stock on TipRanks’ Stock Analysis page.