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Vinyl Group Ltd Requests Voluntary Suspension Amid Legal Proceedings

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Vinyl Group Ltd Requests Voluntary Suspension Amid Legal Proceedings

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Jaxsta Limited ( (AU:VNL) ) has issued an announcement.

Vinyl Group Ltd, listed on the Australian Securities Exchange under the code VNL, has requested a voluntary suspension of its securities from quotation. This action is in response to the company’s application to the Federal Court for relief orders concerning its failure to lodge cleansing notices as required by the Corporations Act 2001. The suspension will remain in effect until an announcement is made regarding the court’s decision, with Vinyl Group seeking an urgent hearing to resolve the matter.

More about Jaxsta Limited

YTD Price Performance: 30.0%

Average Trading Volume: 1,001,072

Technical Sentiment Signal: Buy

Current Market Cap: A$163.7M

Find detailed analytics on VNL stock on TipRanks’ Stock Analysis page.

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