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Takeovers Panel Issues Interim Orders on Emu NL Share Placement

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Takeovers Panel Issues Interim Orders on Emu NL Share Placement

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Emu NL ( (AU:EMU) ) has shared an announcement.

The Takeovers Panel has issued interim orders in response to an application by Wayburn Holdings Pty Ltd concerning Emu NL’s recent share placement. These orders restrict the disposal or transfer of shares issued under the placement without Panel consent, maintaining the status quo until further proceedings or a maximum of two months. This decision could impact Emu NL’s market activities and stakeholders involved in the share placement.

More about Emu NL

Average Trading Volume: 235,599

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$4.01M

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

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