quoin-int-limited QUOIN (INT) LIMITED. QIL - Profile and Status | deListed Australia

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QUOIN (INT) LIMITED. (QIL)

Delisted from ASX 23/09/2013

SHARE PRICES

Former (or subsequent) names

 FROMTO
QUOIN (INT) LIMITED.06/10/2000
ISLANDS HOTELS LIMITED06/10/2000

Shareholder links

 

REGISTRY:
Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153
Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: 201 National Innovation Centre, Australian Technology Park, EVELEIGH, NSW, AUSTRALIA, 1430
Tel:  02 8399 7500 Fax: 02 8399 7507

Date first listed: 04/05/1994
Company Secretary: Mr James Sinton Spence, Mr Ian Robert Sanderson (Assist.Co. Secretary)
Sector: Software & Services Industry Group: XIJ
Activities: Provision of affordable accommodation in the three star hotel industry in Papua New Guinea and the Solomon Islands. The Company also provides a number of ancillary services in Port Moresby, including bars, food and gaming and in the Solomons a duty free s
delisted following failure to comply with the listing rules23/09/2013
we understand ASX delisted this company following failure to comply with the listing rules - arguably the company has failed to comply with listing rules since the suspension of its shares more than 12 years ago23/09/2013
Quoin (Int) Limited will be removed from the official list of ASX Limited as from the close of trading today, Friday 20 September 2013, under listing rule 17.12. Security Code: QIL 20/09/2013
M2 Telecommunications Group Limited (ASX: MTU) has made an offer to acquire all of the shares in Eftel Limited (ASX: EFT) for either cash or shares in M2 Telecommunications Group Limited in an off market takeover. Quoin (Int) Limited has a holding in Eftel Limited. The Company has resolved to accept the offer by M2 Telecommunications Group Limited and has elected to receive shares in M2 Telecommunications Group Limited. The election was made prior to the 6 May 2013 cut-off date, and MTU has announced that it intends to issue these shares by 10 May 201309/05/2013
The Company has signed a Binding Terms Sheet with the holder of the commercial franchising rights to the Coldwell Banker marks and systems for NSW and the ACT for the acquisition of those rights. With the acquisition of these rights the Company, through a wholly owned subsidiary, will control the residential and commercial rights to the Coldwell Banker marks and systems for the whole of Australia25/02/2013
The Company advises that its wholly owned subsidiary has completed settlement of the acquisition of the Australian residential franchising rights to the Coldwell Banker marks and systems for the whole of Australia, along with the commercial franchising rights for Western Australia, South Australia, Northern Territory, Queensland, Victoria and Tasmania, as announced on 17 July 201212/11/2012
releases a proxy form for the General Meeting of the Company to be held at 10.00am on Friday, 27th July 2012 at The Irwin Room, Mercure Hotel, 1st Floor, 10 Irwin Street, Perth WA 6000 and at any adjournment of that meeting11/07/2012
The Company has entered into an agreement to acquire the Australian residential franchising rights to the Coldwell Banker marks and systems for the whole of Australia, along with the commercial franchising rights for Western Australia, South Australia, Northern Territory, Queensland, Victoria and Tasmania25/05/2012
During Q4, the Company further progressed the process of negotiating contracts in relation to its RingBuzzer Project03/01/2012
During Q3, the Company continued the process of negotiating contracts in relation to its RingBuzzer Project. Once all arrangements are completed, the Company will make a further announcement to the market. The Company also supported the reverse takeover of Eftel Limited (ASX:EFT) by ClubTelco. The benefits to the Company's EFT investment are now being realised, following recent growth in the EFT share price. The Company also changed share registries and issued all shareholders new SRNs and new holding statements, eradicating the non-standardisation legacy issues. The process of recapitalisation of the Company with the intent of having its shares reinstated to quotation on the Australian Securities Exchange is continuing30/12/2011
the Company's holding of shares in Eftel Limited (ASX: EFT) remains unchanged at 43,272,878 shares. Eftel Limited has recently issued additional shares. This issue reduces the percentage of Company's holding in Eftel Limited from 17.35% to 4.07%15/07/2011
releases Quarterly Report06/07/2011
the Company has commenced the process of commercialising a new social networking platform codenamed Ringbuzzer31/03/2011
In the last quarter, the acquisition of an interest in Eftel Limited (ASX: EFT) was finalised. Quoin (Int) Limited is now the registered holder of 43,272,878 shares in Eftel Limited and is now the largest shareholder in Eftel Limited. The process of recapitalisation of the Company with the intent of having its shares reinstated to quotation on the Australian Securities Exchange is continuing23/12/2010
Quoin (Int) Ltd has become a substantial shareholder of Eftel Ltd on 0 with 43,272,878 shares (17.35%). Quoin lodged an announcement on ASX on August 28, 2009 stating that it had entered into agreements with Eftel to acquire 33,322,863 shares or 19.99% of the share capital. Eftel responded on September 1 that Quoin had not yet its substantial shareholder as the agreements are subject to shareholder approval.18/11/2010
in the current quarter the Company made further progress towards acquiring a significant stake in Eftel Ltd (ASX:EFT). Arrangements are in the process of being made to finalise the transfers of shares in Eftel Limited (ASX:EFT). The Company is continuing to negotiate in relation to other opportunities. The Company is continuing towards re-quotation of its securities30/06/2010
in the current quarter the Company made significant progress towards acquiring a significant stake in Eftel Ltd (ASX:EFT) - at a General Meeting of the Company's shareholders, held on 29 January 2010, the shareholders gave the necessary approvals under the Papua New Guinea Companies Act and the Australian Corporations Act to acquire a stake in Eftel Ltd - at that meeting the shareholders also confirmed the appointments of Mr Daniel Ehrenfeld, Mr Gabriel Ehrenfeld and Mr Sinton Spence as Directors of the Company - the Company is proceeding towards re-quotation of its securities29/03/2010
the business of today's general meeting was to progress the recapitalisation of the Company involving: The election of 3 directors of the Company; The issue of up to 44,349,938 new shares in the Company; and The acquisition of Eftel Ltd (ASX: EFT) shares via the issue of shares in the Company - motions at the meeting were carried on a show of hands29/01/2010
a General Meeting of Shareholders of Quoin (Int) Ltd ARBN 062 708 141 (Company) will be held at the following place, date and time: Seminar Room Ground Floor, National Innovation Centre Australian Technology Park Eveleigh NSW 1430, Australia Commencing at: 10:00am (AEDT) on Friday, 29 January 201008/01/2010
the Company is now in a position to take the necessary steps to secure the approval of its shareholders for a transaction (re agreements to acquire a 19.9% stake in Eftel Limited (ASX: EFT), and expects to convene a General Meeting of its members in the first quarter of 201030/12/2009
the Company has entered into agreements to acquire a 19.9% stake in EFTel Ltd (ASX:EFT) - those agreements are subject to shareholder approval, which will be sought at a General Meeting of the Company called to seek approval for all other necessary steps to secure ASX approval for re-quotation of the Company's shares on ASX30/09/2009
the Company clarifies the confusion over its announcement lodged by EFTel Ltd (EFT) on 28 August 2009 in relation to agreements for the acquisition of shares in EFT by Quoin (Int) Ltd (QIL) - QIL has entered into agreements for the acquisition of EFT shares but those agreements have not settled, and are subject to approval by QIL shareholders before settlement as stated in the QIL announcements - to clarify any confusion caused by the EFT announcement, QIL is not yet a shareholder of EFT and therefore not entitled to appear on the register of that company's shareholders. QIL was therefore not entitled to, nor did it, participate in the recent EFT rights issue. The current shares under agreement are less than 20% of the issued capital of EFT. An Information Memorandum for the meeting seeking approval will be issued to shareholders and lodged with ASX as required by the Listing Rules01/09/2009
EFTel Ltd (ASX:EFT) refers to various announcements from Quoin (Int) Limited (ASX: QIL ), appearing under EFTel's stock code on the ASX web site, particularly that of 25 August 2009, in relation to Quoin's reported acquisition of shares in EFTel - EFTel advises that it has had no discussions with, nor entered into any agreements with Quoin - Quoin is not a registered shareholder of EFTel - Quoin was not eligible to, and did not, participate in the recent Rights Issue conducted by EFTel28/08/2009
following the recent rights issue by EFTel Ltd (ASX:EFT), Quoin (Int) Ltd advises that it has entered into agreements to acquire an additional 11,027,075 shares in EFT - the Company announced agreements to purchase 17,773,840 EFT shares on 17 March 2009 and 15,549,023 EFT shares on 7 July 2009 - the total number of EFT shares that the Company has agreed to purchase is now 44,349,938 shares - the purchase of these additional EFT shares will be funded by the issue of 11,027,075 fully paid ordinary shares in Quoin (Int) Ltd25/08/2009
the Company advises that it has entered into agreements to acquire an additional 15,549,023 shares in EFTel Ltd (ASX:EFT) - the Company announced agreements to purchase 17,773,840 EFT shares on 17 March 2009 - the total number of EFT shares that the Company has agreed to purchase is now 33,322,863 shares, which is 19.99% of the current issued capital of EFT - the purchase of these additional EFT shares will be funded by the issue of 15,549,023 fully paid ordinary shares in Quoin (Int) Ltd07/07/2009
releases Quarterly Report30/06/2009
the process of recapitalisation of the Company with the intent of having its shares relisted on the Australian Securities exchange is proceeding - a timetable for the process is released today11/05/2009
the Company advises that on 16 March 2009, it entered into agreements to acquire 17,773,840 fully paid ordinary shares in Eftel Limited (ASX: EFT) - this acquisition represents over 10% of the issued share capital in EFT - the acquisition will be funded by the issue of 17,773,840 new fully paid ordinary shares in QIL in exchange for the EFT shares - based on the closing price of EFT shares yesterday of $0.038, this represents an investment by QIL of $675,00018/03/2009
company advises that on 19 February 2009, the sale of the properties at Hollywood Drive, Lansvale, owned by the Company's wholly owned subsidiary, IHL Australia Pty Ltd, was completed - as a result of this transaction, the claims of the Bank of South Pacific against that company and Quoin (Int) Ltd have been satisfied, and the Bank has released Quoin (Int) Ltd and IHL Australia Pty Ltd from all claims that the Bank may have arising out of the mortgage over the land, charges given by Quoin (Int) Ltd to the Bank and the transactions underlying the mortgage and charges. Discharges of the mortgage and the charge have been provided and are in the process of registration. This transaction finalises the claims by the Bank against Quoin (Int) Ltd and IHL Australia Pty Ltd, and marks completion of a crucial step towards the recapitalisation of Quoin (Int) Ltd11/03/2009
the Company advises that the reorganisation of the share capital of the company was completed today on the basis of one new share for each ten shares held, with fractional entitlements being rounded up to the nearest whole number08/01/2009
at a General meeting held on 30 December 2008 the members of Quoin (Int) Ltd authorised the consolidation of the Company's capital on the basis of one new fully paid ordinary share for each 10 existing fully paid ordinary shares, with any holdings of consolidated shares that are not whole numbers being rounded up to the nearest whole number. New holding statements will be despatched according to the previously announced timetable - all resolutions at the meeting were passed on a show of hands30/12/2008
releases Chairman`s Address to Shareholders at the EGM (to consider the recapitalisation proposal)29/12/2008
the market is advised of the revised timetable for the recapitalisation of the Company09/12/2008
the Notice of Meeting announced on 2 December 2008 includes a proposal for the reorganisation of the fully paid ordinary share capital of Quoin (Int) Ltd on a 1 for 10 basis - a timetable for that process is released today03/12/2008
a general meeting is to be held at 201 National Innovation Centre, Australian Technology Park, Eveleigh NSW 1430 at 9:00 am on 30 December to consider a number of proposals to recapitalise the company02/12/2008
the company is to become an investment company - it will keep shareholders informed of progress with its recapitalisation29/08/2008
Quoin (Int) Limited ("QIL") has entered into negotiations with MSI Holdings Pty Ltd ("MSIH"), a company that owns, inter alia, specialised e-commerce, m-commerce, cash based loyalty programs and substantial intellectual property for these online businesses as well as business systems for the Sustainability Industry including Carbon Credit based programs ("CP") - it was proposed by MSIH that the CCP would be merged into QIL08/04/2008
company lodges full year statutory accounts for the years from 2001 to 2006 inclusive05/12/2007
the Board is now considering other means of raising capital including a "Convertible Note" - Directors continue to "use their best endeavours to have the company lifted from suspension and to achieve re-instatement and to resume trading operations for the benefit of all shareholders"01/10/2007
a "Compromise Proposal" has been accepted which will ensure that the secured creditors receive a dividend of $600,000 and the unsecured creditors receive a dividend of $75,000 being full and final settlement for the outstanding liabilities - the rest of the funds raised will be used as working capital to complete a proposed acquisition of a new business to enable the Company to recommence trading on the ASX and facilitate the lifting of the trading suspension of QIL - before the Company is able to re-list it will be required to comply with Chapters 1 and 2 of the Listing Rules - QIL will now take steps to raise funds through an underwritten 3 for 2 pro rata rights issue to raise a minimum of $1,200,000 at a price of $0.01 (1 cent) - based on the current 68,989,185 shares, it is anticipated QIL will issue a further 120,000,000 new shares10/09/2007
in an unsigned, undated release to the market on plain paper without letterhead, the company says it has engaged an accounting firm to prepare statutory accounts, it has nearly disposed of its residual property assets and is working towards the re-quotation of its shares (all sounds a bit like the same messages shareholders were getting 4 years ago - no wonder there is no signature to the release)28/06/2007
the Directors are going to appoint John Lindholm of Ferrier Hodgson as the administrator - the intention is to put an offer to all creditors through a Deed of Company Arrangement (DOCA) to settle all outstanding debts via the funds raised through a rights issue underwritten by an unrelated third party - whatever the intentions, the plain fact is that administration never augurs well for shareholders - at least in this case it will bring matters to a head one way or the other, after the company's shares were suspended in 2001 more than 6 years ago!09/05/2007
the Directors are still considering a number of proposals with a number of parties who have expressed interest in selling their respective operating businesses in to the listed company in exchange for shares in the company - the company is also working towards the completion of outstanding accounts and reports to finalise the company's audit requirement30/03/2007
subject to the successful completion of outstanding accounts and reports to finalise the company's audit requirements and completion of the settlement between Bank of South Pacific ("BSP") and the Company, as previously advised, the Directors are considering a number of proposals with a number of parties who have expressed interest in selling their respective operating businesses in to the listed company in exchange for shares in the company28/12/2006
announces that the terms of the settlement verbally agreed, as previously advised, between Bank of South Pacific ("BSP") and the Company have now been confirmed in writing, being that the parties have agreed to the sale of Lots 7 and 8 Hollywood Drive Lansvale for the sum of $800,000 - the company is waiting for written confirmation of the formal removal of the Receiver and Manager31/10/2006
the company is yet to receive in writing the acceptance and confirmation of the terms of the settlement as verbally agreed (see note immediately below) - as soon as it is received Quoin shall advise the market as required21/07/2006
company has agreed verbally on satisfactory terms of settlement which will settle all outstanding claims by BSP against Quoin and its subsidiaries and result in the removal of PWC, the Receiver and Manager - negotiations are continuing with a number of parties who have expressed interest in selling their respective operating businesses in to the listed company14/07/2006
directors advise that subject to the removal of the Receiver and Manager (efforts to have them removed are ongoing) they have commenced negotiations with a number of parties who have expressed interest in selling their respective operating businesses in to the listed company in exchange for shares in the company11/04/2006
the ASX website for this company states "Administrator Appointed , Mr Graeme Efron, Efron & Assoc , Suite 10, Level 1, 600 Lonsdale Street , MELBOURNE , VICTORIA, AUSTRALIA, 3000" yet the official ASIC database for the company makes no mention of the appointment of an administrator16/02/2006
we are unable to extract any information from directors regarding developments with this company - Mr Moishe Gordon (Chairman) and Mr Graeme Efron (Administrator) have clearly failed in their duty to keep shareholders informed10/10/2005
lodges half yearly report in respect of six months to 30 June 2001 (yes that's 2001)27/02/2004
directors of this company have little regard for their shareholders - the last release to the market is dated 10 January 2003!19/12/2003
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 2925/08/2003
after numerous requests to the chairman (none of which were responded to) we are now assured by the company's solicitor, Graeme Efron, that there have been no changes, since the shareholder update on 10 January 2003, that require notification to the market - Mr Efron wanted any questions put in writing which is somewhat surprising given his note accompanying the January release that "should you have any queries in relation thereto please contact Graeme Efron direct line 03 9600 1999 or 0411 690 690"09/07/2003
we put the following to chairman Moishe Gordon a number of times but received no response - "at the conclusion of your letter to shareholders dated 10 January 2003 you said: 'to give effect to the foregoing and other matters of vital importance to the company, it will be necessary to formally present the appropriate resolutions to shareholders for their consideration at the Company's foreshadowed Annual General Meeting that Directors hope to hold early in 2003' - Can I ask why there have been no further announcements to the market in almost five months? When do directors intend holding the AGM?"08/07/2003
seeking update01/05/2003
Annual Report of Quoin (Int) Limited in respect of the year ended 31st December 2000 sent to shareholders along with the audited financial accounts for the half-year ended 30th June 2001 - the Company foreshadows an Annual General Meeting for early 2003 - there are a number of issues for consideration - shareholders should refer to a lengthy release to the market on 10 Jan 2003 (see www.asx.com.au)10/01/2003
directors advise that a liquidator had been appointed to IHL Australia Pty Ltd - inquiries establish that the liquidator is G Starkey of Graham Starkey & Associates09/10/2002
directors of IHL Australia Pty Ltd (a fully owned subsidiary of Quion (Int) Ltd) appoint G Starkey of Graham Starkey & Associates Pty Ltd voluntary administrator to the company - the mortgage debenture holder, subsequently appointed Mark Mentha and Mark Korda of KordaMentha of Melbourne, as Receivers of IHL Australia Pty Ltd05/08/2002
advises of settlement and completion of sales of the Gizo Hotel and the King Solomon Hotel - the price received after an adjustment of $80,000 was 1.420 million AUD05/03/2002
Westpac Banking Corporation appoints A Smith and T Burfield of Ernst & Young of Adelaide SA as Receivers of Quoin Technology Pty Ltd - they will be looking to sell the business of Quoin Technology Pty Ltd06/02/2002
board advises that J Loebenstein of Green & Sternfeld Caulfield Vic has been appointed voluntary administrator to Quoin Technology Pty Ltd05/02/2002
company announces it has entered into a contract of sale for the business of Quoin Technology Pty Ltd and will seek shareholders approval of the sale at a forthcoming general meeting of shareholders30/01/2002
company advises it has been notified by the Bank of South Pacific in Port Moresby that a Receiver with limited powers has been appointed to the business operations of the Granville Motel in Port Moresby05/10/2001
securities of the company suspended from quotation following failure to lodge the Annual Report for the period ended 31 December 200030/04/2001
company advises that it is undertaking a major rationalisation of its business activities and is also looking to refinance certain loans - discussions are underway with a number of financial institutions20/04/2001
ASX Code change only from QUN to QIL13/11/2000
name changed from Islands Hotels Limited06/10/2000

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Moishe GordonChairman
    Gabriel EhrenfeldDirector
    James Sinton SpenceDirector30/04/2009
    Daniel EhrenfeldDirector
    Ian SandersonLocal Agent

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.